DrawAlert, the market's only owner/lender construction funding risk mitigation tool, announced the release of its much anticipated version 2.0. This latest update will offer project stakeholders improved operational productivity, increased visibility to all parties, expanded dashboard capabilities including a document portal.
"DrawAlert began as a way to prevent stakeholders from being caught off guard by costly errors like tardy payments, disputes and liens that can delay–or even derail–a construction project," said Tom Pritscher, president of TEPCON and co-founder of DrawAlert. "DrawAlert v2.0 will offer an even higher level of transparency that has long been missing in the construction industry."
Key feature updates for DrawAlert v2.0 consist of significantly expanded dashboard capabilities, full functionality across all 50 states, a project close out report and document management, including:
- Preliminary Notices
- Conditional Waivers
- Unconditional Waivers
- Certificates of Insurance
- Site inspections
After being recently featured in the Phoenix Business Journal, interest in DrawAlert has dramatically increased and it's easy to see why.
"The DrawAlert project dashboard makes it easy to track project information at-a-glance," said Beau Hartwell, senior operations manager for SKB, an early adopter for DrawAlert. "Draws immediately show up for the general contractor and all the registered stakeholders."
"The only costs involved are a per project fee of $450 for general contractors and $75.00 for subcontractors. There is no fee for Owners and Lenders," said Ted Ritter, principal of LMI360 and co-founder of DrawAlert. "A DrawAlert Certified Project provides construction funding transparency, risk mitigation, and peace of mind that is priceless."
For more information about DrawAlert, please visit www.drawalert.com.