Schedule an appointment today
for more information about Resource Monitoring Services and
remember, Resource Management Partners also offers a broad range of financial
services, including A/R Resource¨, the accounts receivable management program
of asset-based lending. Call and ask us about all the ways we can help you do
business easier!
(866)223-6994
Resource
Monitoring Services is a way to assure lenders, surety bond
companies, property owners, developers, contractors and subcontractors that
monies intended to pay bills for a specific project are used for that project
and are not diverted for other purposes.
By definition, Resource Monitoring Services
is the outsourcing of accounts payable on a per-project basis. As a third
party administrator, RMPI monitors the financial progress of the project and
prives timely cost status reports that keep the contractor, lender and surety
bond provider completely informed.
Additionally, Resource Monitoring Services is
often used when a contractor is having difficulty obtaining financing or a
bond. By using Resource Monitoring Services as a control
mechanism, surety companies are provided additional reassurance that the
project will remain financially stable, therefore mitigating their risk.
By using Resource Monitoring Services, you can: