DrawAlert announced its partnership with ConstructionReports.com, a construction bidding and lead service for commercial contractors in the Southwest. By recommending its members use the DrawAlert Certified Project Portal, ConstructionReports.com members will benefit from a more transparent construction funding process that includes an easy-to-use, cloud-based project dashboard for pre-lien data, which automatically notifies stakeholders when a draw is released, and a peer-rated contractor directory.
“Even with the best of draw schedules, communication issues can lead to funding delays,” said Ted Ritter, principal of LMI360 and co-founder of DrawAlert. “Any construction project delay can quickly spiral into increased project costs and increased anxiety by all parties.”
“At ConstructionReports.com, we pride ourselves on our strong relationships with the local and national owners, developers and commercial builders who are building in Arizona,” said Brad Blaicher, general manager of ConstructionReports.com. “We believe that DrawAlert will provide strong value to our members, by providing a more professional project approach that will save them time, money and headaches.”
The DrawAlert Certified Project Portal mitigates risk and improves project performance by:
• Reducing Overall Project Cost
• Reducing Overhead Costs Tied to Pre-Liens
• Supporting Transparent Operations
• Improving Communication with the Project Team
• Streamlining Operations
There is no fee for owners and lenders to utilize the DrawAlert Portal. The costs involved are a per project fee of $450 for general contractors and $75 for subcontractors.
For more information, visit www.drawalert.com.