Construction & Tradies

Construction & Development

Noble Escrow provides a range of services tailored to the construction and financial sector. Whether it’s fixed-fee escrow agreements for agreed milestones, escrow solutions for property development transactions, or customized Construction Escrow Accounts, we deliver high-quality services to meet diverse client needs. Below are some key ways escrow can be utilized in construction and funding projects.

Scaffolding On House

Receivables / Certainty of Payment

Whether you are providing Trade Services, are a Manufacturer, a Wholesaler or providing Professional Services for a fee, it is crucial that you are paid, and promptly.

In New Zealand, Escrow services are particularly beneficial in ensuring that providers of goods or services are paid upon the sale being completed.

Once conditions are established and met, the consumer/customer deposits the funds into the Escrow account. Upon completion Noble Escrow releases the funds to the service provider.

This process provides the service provider with the confidence that they will receive payment upon fulfilling their obligations. This also provides an assurance to customer that the service provider is committed to completing the transaction in accordance with the terms of the Agreement between the parties.

Tradie Noble Escrow

Construction Contracts

Embarking on any construction project, whether small or large-scale, requires reliable funding and skilled contractors. Unfortunately, stories of developers becoming insolvent and unable to pay contractors are all too common.

By using a Construction Escrow Account, developers can ensure that funds are securely set aside for the project. This provides contractors with confidence that payment is guaranteed. Payments can also be tied to specific project milestones, ensuring funds are released only when agreed conditions are met.

Once those conditions are fulfilled, Noble Escrow releases the funds from the escrow account to the appropriate party as specified in the Construction Escrow Agreement, offering security and transparency to all involved.