Before the Project

Before the Project

Pre-Bid Risk (PBR) Reports is a new service offered by National Lien Services that helps you uncover hidden risk that can result in a less profitable construction project.  Before you bid a project, why not anonymously run a check in to all the players?

Why PBR Reports?

We help answer the questions you should be asking before signing your next contract.

What is included in a PBR Report?

A Pre-Bid Risk Report (PBR Report) is a comprehensive document that will provide you the following key information:

  • The Players:
    • Who are the key companies/individuals on this project?
      • The prime contractor (if applicable)
      • The property ownership
      • The financial structure of the project
    • Have there been any recorded bankruptcies, defaults, or liens on any past construction projects in the county the project is in?
    • Does the developer or owner have unique entities for each construction project they develop (state specific)?
  • The Funding:
    • How is this project funded?
      • Bonded?  Financial lender? Private investment? Self-funded?
    • Are there any lease agreements that may affect or delay your payment?
  • The Job Site:
    • How is this project owned?
      • Lease-back property from a municipality?  Public/Private Partnership? Traditional Private Build?
    • Is this project on any restrictive land?
      • Native, government, education?
  • Other information (if applicable):
    • Lien search on the project, the prime contractor, and the developers
    • Bond search
    • Public lease-back contracts

Click here to learn more:  PBR Reports

What are our clients saying?

“We have found the PBR service to be a great value. They are able to find out information out on projects (anonymously too, while a project is still in the “honeymoon” phase) before bid or award to help us negotiate better terms and ensure the securities that we need are in place on a project before we accept a project award. We use a tiered model to determine when we pull a PBR to best mange the risk. On our larger projects, the minimal cost of the PBR is a small investment compared to our cost to bid a project, and we are looking o only bid projects that set us up to win. On smaller project we pull the PBR before signing the contract to know if we need to be more stringent on term negotiation.”

Timothy Rock | CEO & Managing Partner

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