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Welcome to www.nacsescrow.com, the internet home of North American Construction Services, Inc., an experienced funds/control escrow company in the contract surety industry. Founded in 1991, NACS brings additional protection to national sureties by managing the receivables and payables throughout the course of the bonded construction project. In addition to added Surety security, NACS assists small, emerging, and minority construction firms seeking the performance bonds necessary to secure construction contracts.
NACS Partners with Bremer Bank, NA
North American Construction Services, Inc. and Bremer Bank, National Association, a $6 Billion financial institution, have formed a strategic alliance to help strengthen the Funds Control/Escrow marketplace. The purpose of this agreement is to provide the surety industry with a strong Funds Control/Escrow product through a team of professionals that have both experience and financial capacity. In addition to expertise and financial capacity, this alliance introduces greater controls than previously available to the surety industry.
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“Your Funds Are Secure with NACS”
North American Construction Services for reliable escrow services.
Escrow In Lieu of Bonding
Not all construction companies will qualify for bonding on a particular project. Many obligees though will accept Funds Control/Escrow in lieu of a bond. Though it does not offer the same protection as a bond, Funds Control/Escrow provides the obligee with a third party escrow company managing the contract funds as well as provides the contractor with detailed reporting that can be provided to their CPA/Bonding Agent, etc. to help attain future bonding needs. NACS will pay bonding agents a 15% commission fee on non-bonded escrow only jobs.