Broadlands Financial Group

One of the most serious, and often overlooked, risks on any construction project is the misappropriation of project funds to non-project costs. Broadlands greatly minimizes that risk by providing secure and efficient construction project funds control for banks, lenders, owners, developers, government agencies, and sureties. Money on a construction project is ‘compressed energy’.  The proper flow of project funds on a construction project drives the project to successful completion. When funds are misdirected, the contractor goes into default, liens are filed, subcontractors cease work, suppliers terminate accounts, and owners, lenders and sureties are left battling over the additional cost and responsibility of completing the project.

From a platform of proven integrity and transparency, Broadlands tracks and controls project funds and delivers funds directly to those properly performing project work. Project funds are deposited in a special project account at the lender’s facility or at another federally insured institution. Each project receives its own separate, non-interest bearing account, project funds are never co-mingled. Project funds are distributed rapidly after draw approval and clients have full access to project accounting information via Broadlands Online. The service allows our clients to completely monitor disbursement of project funds and ensures that those performing on the project are paid.

Sophisticated cost tracking systems provide accurate trend and variance monitoring as well as forecasted cost events and projected final costs. Broadlands provides proactive, reliable & affordable risk management solutions for today’s complex construction market and serves sureties, lenders, banks, owners, developers, contractors and government agencies nationwide.