Federal Funds Are Secure with NACS
Federally funded construction contracts awarded under the Federal Acquisition Regulation (FAR)
Act costing more than $100,000 require performance and payment bonds. The surety world often mistakenly believes that federally funded bonded projects cannot utilize a funds control service or use the tool as it was intended. NACS can solve this bonding issue for you.
Our funds control services at NACS extend to contractors involved in federally funded projects,
from improvements to military installations, HUD funding for housing projects, or rural
infrastructure projects. We can accept federal funds directly to the escrow account utilizing a
Notice of Assignment qualifying under the Far Act. We ensure that funds earmarked for
construction are actually used for job-related expenses.
Federal Funds Are Secure with NACS
Federally funded construction contracts awarded under the Federal Acquisition Regulation (FAR)
Act costing more than $100,000 require performance and payment bonds. The surety world often mistakenly believes that federally funded bonded projects cannot utilize a funds control service or use the tool as it was intended. NACS can solve this bonding issue for you.
Our funds control services at NACS extend to contractors involved in federally funded projects,
from improvements to military installations, HUD funding for housing projects, or rural
infrastructure projects. We can accept federal funds directly to the escrow account utilizing a
Notice of Assignment qualifying under the Far Act. We ensure that funds earmarked for
construction are actually used for job-related expenses.
Why Us?
Funds control is an integral component of risk mitigation, making selecting the right firm to do the job efficiently and effectively critical.
- Track record of project success. We have managed more than $5 billion of contract funds held in escrow, including large projects, and have a strong track record in thwarting claims.
- Extensive industry knowledge. We’ve been in the funds control business since 1991 and understand every aspect of protecting the bonds issued.
- Geographic footprint compatible with project locations. We are centrally located, enabling us to get things done throughout the country.
- Trusted partner. We have an impeccable reputation in handling significant sums of money and payment distribution. You can be assured you are working with a financially sound company.
Providing extra assurance to sureties.
With over $5B of contract funds managed and more than 30 years in business, NACS helps secure federal funds for contracts awarded under the FAR Act.
Contact the Funds Control Experts at NCAS
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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