FUNDS FROM THE JOB
STAY ON THE JOB
As a condition for being awarded a project, a subcontract, or surety credit to bond a given project, a contractor will enter into a Disbursement Control Agreement with Great Horn Financial Services to assist in the management of all contract proceeds.
At inception, Great Horn will open a job-specific checking account for the benefit of the contractor, into which all progress payments will be directed. Great Horn will disburse account funds at the direction of the contractor, subject to agreed guidelines.Great Horn will process disbursements subject to ongoing project analysis and direct cost documentation, with priority given to direct project creditors. The contractor will gain access to reimbursement and profit and overhead distributions as earned, provided creditor demands are current, and the project demonstrates good financial health.
Subject to reasonable budget guidelines, the contractor is able to fully manage the ongoing job progress and payment of direct project vendors and expenses, without any direct intervention into their normal processes.