CONSTRUCTION FUNDING GETS CLEAR BOOST: ConstructionReports.com & DrawAlertâ„¢ Partner for Construction Funding Transparency

PHOENIX, AZ -2/24/2016 (PRESS RELEASE JET) -- ConstructionReports.com is proud to announce its partnership with DrawAlert, a collaborative, cloud-based platform that helps to manage the pre-lien process. As the leading construction bidding and lead service for commercial contractors in the Southwest, ConstructionReports.com recommends DrawAlert to its members for a more transparent construction funding process for its an easy-to-use, cloud-based project dashboard, real-time access to pre-lien data, which automatically notifies stakeholders when a draw is released, and a peer-rated contractor directory.
“At ConstructionReports.com, we pride ourselves on our strong relationships with the local and national owners, developers and commercial builders who are building in Arizona,” said Brad Blaicher, General Manager of ConstructionReports.com. “We believe that DrawAlert will provide strong value to our members, by providing a more professional project approach that will save them time, money and headaches.”
 
“Even with the best of draw schedules, communication issues can lead to funding delays,” said Ted Ritter, Principal of LMI360 and Co-Founder of DrawAlert. “Any construction project delay can quickly spiral into increased project costs and increased anxiety by all parties.”

The DrawAlert Certified Project Portal will help ConstructionReports.com members to mitigate risk and improve project performance by:

• Reducing Overall Project Cost
• Reducing Overhead Costs Tied to Pre-Liens
• Supporting Transparent Operations
• Improving Communication with the Project Team
• Streamlining Operations

There is no fee for Owners and Lenders to utilize the DrawAlert Portal, so it’s a win-win for all involved. The only costs every involved are a per project fee of $450.00 for General Contractors and $75.00 for Subcontractors.

Visit ConstructionReports.com for more information about member services. For more information about DrawAlert, please visit www.drawalert.com or call (877) 909-1776.

About ConstructionReports.com:
ConstructionReports.com offers members direct access to local reporters in Arizona, Utah, New Mexico and Nevada for fresh leads. For more information, visit www.constructionreports.com.

About DrawAlert: Our solution electronically informs all stakeholders when a draw is funded, reduces the typical burden of managing project stakeholders and the pre-lien process. Utilizing the DrawAlert solution increases quality and productivity on projects while reducing risk. For more information, please visit www.drawalert.com.