Three Lock Box - Services

Full compliance with Nevada Revised Statutes Chapter 627.
Escrow account is with Bank of Nevada. Non-interest-bearing trust account. Interest-bearing account with all interest accruing for the benefit of the customer may be established if average account balance exceeds $10 Million for the duration of the project. Interest rates are determined by Bank of Nevada.
Fully bonded at maximum level ($250,000) required by State of Nevada.
$1 Million Errors & Omissions policy.
Account personally monitored by Martindale-Hubbell AV-rated attorney with extensive experience in construction matters.
Unlimited 24/7 use of the Three Lock Box online construction control system.
Unlimited ACH disbursements. May apply and disburse monthly, weekly, daily. Single pays also available.
Automated conditional and unconditional lien release generation with electronic service and electronic signatures.
Automated pre-lien notice generation with electronic service and electronic signatures.
Lower-tiers may be selectively rolled up in a payment application.
All contracts, subcontracts, change orders, drawings, and specifications may be posted to the system at no additional charge.
As-built drawings, warranties, and O&M Manuals may be posted to the system at no additional charge.
Unlimited subcontractor and supplier invitation and enrollment.
Real time, top-down project transparency. Unlimited read-only invites.
Unlimited customer training and technical support (telephone and/or via Join.me)

Services