Expert Construction Draw Services for Commercial and Residential Projects
At Lawyers Title Services LLC, we understand that construction projects require careful financial oversight to stay on schedule and within budget. Our construction draw services are designed to manage the disbursement of funds for single- and multi-site projects, ensuring that contractors, developers, and lenders have confidence in every payment.
Whether you are developing a residential subdivision, constructing a commercial building, or managing a multi-site industrial project, our experienced team provides professional oversight, accurate fund distribution, and detailed reporting. By coordinating every step of the construction draw process, we help prevent delays, miscommunications, and financial discrepancies that could impact project success.
Our Construction Draw Services Include:
We offer a full suite of construction draw services to meet the unique needs of every project:
- Construction Package Review: Verifying contracts, invoices, and required documentation before approving fund disbursement.
- Lien Law Research: Ensuring compliance with Minnesota lien laws to protect all parties involved in the construction process.
- Escrow Package Review: Examining escrow instructions, agreements, and supporting documentation for accuracy and completeness.
- Disbursement of Construction Draws: Managing timely and precise payment to contractors, subcontractors, and vendors.
- Multi-Site Project Coordination: Handling complex transactions for projects spanning multiple locations or jurisdictions.
- Detailed Reporting: Providing transparent documentation of funds disbursed, balances, and approvals for all stakeholders.
- Communication With All Parties: Acting as the liaison between lenders, developers, and contractors to keep everyone informed.
- Routine Mechanic’s Lien Audits: Regularly reviewing lien waivers and documentation to ensure compliance and prevent claims.
- Construction Package Review: Verifying contracts, invoices, and required documentation before approving fund disbursement.
- Lien Law Research: Ensuring compliance with Minnesota lien laws to protect all parties involved in the construction process.
- Escrow Package Review: Examining escrow instructions, agreements, and supporting documentation for accuracy and completeness.
- Disbursement of Construction Draws: Managing timely and precise payment to contractors, subcontractors, and vendors.
- Multi-Site and Multi-State Project Coordination: Handling complex transactions for projects spanning multiple locations or jurisdictions.
- Detailed Reporting: Providing transparent documentation of funds disbursed, balances, and approvals for all stakeholders.
- Communication With All Parties: Acting as the liaison between lenders, developers, and contractors to keep everyone informed.
Our team ensures that each draw is carefully reviewed, documented, and executed according to project requirements, reducing risk and providing accountability at every stage.
Our Process for Construction Draw Services
Step 1: Construction Package Review
Before any funds are disbursed, our team reviews contracts, invoices, and supporting documentation to verify that all conditions are met and that the project is on track.
Step 2: Escrow and Lien Compliance
We examine the escrow package and research lien laws to ensure compliance, protecting all parties from potential legal issues or claims.
Step 3: Fund Disbursement
Once the documentation is verified, we facilitate the disbursement of construction draws to contractors, subcontractors, and vendors with precision and timeliness.
Step 4: Reporting and Communication
Detailed reports are provided to all stakeholders, outlining disbursed funds, remaining balances, and approvals. Throughout the process, we maintain clear communication to ensure transparency and accountability.