Funds Administration - Products & Services
Initial Project Review
Our construction risk management team and funds administrators will review the principal’s
initial budget presentation, including a review of the contract, design
and specifications, to help determine a project’s financial forecast
Our knowledge and experience in the accounting and construction fields
allows us to more closely evaluate and monitor the project's success.
Funds administration is a service whereby the principal’s accounts
payable functions are outsourced and administered on a per project
The service offers the surety, developers, contractors and
subcontractors combined assurance that the project funds received
are properly distributed against realized project expenses.
This service can also provide the transparency that can lead to
additional comfort to allow the surety to expand a principal’s
Each outside funds proprietor has its own insurance and fee structure
and is not owned or controller by Liberty Mutual Insurance.
Funds disbursement helps to ensure that funds are properly managed
for each specific project.
By managing the project funds, early detection of potential
problems can help minimize the possibility of payment disputes,
subcontractor performance issues and ultimately claims.