Founded in 1991, North American Construction Services, Inc. (NACS), an experienced funds control/escrow company in the contract surety industry, delivers additional protection to national
sureties by managing the receivables and payables of bonded construction projects.
NACS oversees all payment disbursements from the owner and distributes the funds to a contractor’s suppliers and subcontractors, along with the contractor’s job costs.
In addition to added surety security, NACS assists small, emerging, and minority construction firms seeking the performance and payment bonds necessary to secure construction contracts.
Our team is experienced in every aspect of the surety world, having established relationships over the years with decision-makers at more than 30 sureties. We know and understand bonds, underwriting, construction operations, finance, and the need to control and manage funds throughout a project. We also have strong legal partners with relationships with some of the leading surety construction attorneys in the U.S.
We ensure that money set aside for a construction job will be used for its intended expenses, protecting sureties from payment bond-related claims. Funds control is also a great tool for contractors who may not have robust internal cost accounting or those looking to take on larger projects.
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