By placing funds into a construction escrow account, the developer is able to guarantee the funds are available for the project and contractors can be sure that the funds are set aside for their payment. These escrow payments can be structured on specific milestones for the project in question.
YataPay secure are able to draft a bespoke Construction Escrow Agreement that contains pre-agreed conditions that must be met by the contractors before any payments are released. These conditions are agreed upon by both the developer and the contractors and drafted into the Construction Escrow Agreement by YataPay Escrow. Once the conditions of the have been met, the funds can be released from the escrow account to the relevant party, as set out in the Construction Escrow Agreement.
YataPay secure are able to draft a bespoke Construction Escrow Agreement that contains pre-agreed conditions that must be met by the contractors before any payments are released. These conditions are agreed upon by both the developer and the contractors and drafted into the Construction Escrow Agreement by YataPay Escrow. Once the conditions of the have been met, the funds can be released from the escrow account to the relevant party, as set out in the Construction Escrow Agreement.
