For over 50 years Builders Disbursements Inc. has worked with general contractors in the construction accounting and fund disbursement of their projects.
Our computer software tracks all California Preliminary Notices in order to help insure that we obtain the appropriate releases at the point-of-payment.
The original budget may be modified with signed change orders and the BDI computer system is designed specifically to add these revisions. Additionally, subject to certain contract verifications, transfers of line item funds may ordinarily be made when requested by general contractor or the owner/builder.
If requested, we will send you a monthly printout on your project. This report will track all loan receipts, disbursements by line item, transfers, change orders, and balances remaining in the budget. This information may prove helpful to your own in-house reconcillation process as well as assisting in estimating future projects.
We will work with you and the owner to record Notice of Completion. At the expiration of the lien period, after a final accounting reconcilliation, any retention funds held by the lender will be released to BDI for appropriate funding to the General Contractor.
BDI recognizes the need to pay subcontractors and suppliers quickly and efficiently in order to help to expedite job progress. Properly documented vouchers are paid over the counter from 9:00 a.m to noon and from 1:00 to 3:00 p.m. Monday through Friday. On the final working day of the month, we ask that all vouchers be presented for payment prior to noon. Properly documented vouchers received by mail are ordinarily paid the same day by return mail.
We trust that BDI will provide an additional dimension of professional service to your operation. We look forward to working with you.