Communication is the ultimate key to a successful construction disbursing project. Your information about your project should always be available and should include real time data and the information below:
- Complete construction budget by line item
- Construction loan balances
- Equity funds balances
- Line item disbursements
- Line item balances
- Construction completion percentages by line item
- Monthly or bi-monthly inspection reports
- Draw requests and draw receipts
- Payment requests
- When bills were paid
- Dated digital pictures of construction progress
Each of the items above is a critical piece of information for all construction partners to be able to review and understand.
At Accurate Disbursing we share all of the above daily through our proprietary online disbursing system Disbursa. If your disbursing company does not provide all of these critical pieces of information to you in a format available for your review 24/7 – there is a reason why!