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Capital Administration Services Inc.

CASI operates a Fund Administration company for contractors and developers in the Canadian construction industry specifically to support specialty bond programs.

CASI acts an internal disbursement administrator and maintains all project funds in trust at a separate commercial bank account at a CDIC insured financial institution.

Prior to the issuance of surety bonds, we work with the contractor and project owner in setting-up a funds administration process. This enables the issuance of bonds required before a project can move forward.

We then receive funds from the owner after each progress draw and disburse funds to the contractor, sub trades and suppliers by either electronic transfer or cheque issuance. Each disbursement request is approved in advance by both the contractor and surety bond company.

unique expertise

Unique Expertise

With senior staff members having over thirty years of experience, CASI prides itself in providing innovative solutions for both common and complex requirements.

timely

Timely

CASI ensures that the funds administration process is handled on a timely basis meeting the specific needs of the contractor and project owner.

easy

Easy

Straightforward forms, a streamlined process, knowledgeable personnel and direct communication makes dealing with CASI very user friendly.

Services

Funds Disbursement

Funds disbursement is a service whereby a contractor’s accounts payable functions are outsourced and administered on a per project basis. The service offers the surety, developers, contractors and subcontractors combined assurance that the received project funds are properly distributed against realized project expenses. This service can also provide the additional comfort needed to allow the surety to extend a principal’s bonding program.

Loss Mitigation

Funds disbursement ensures the necessary compliance that funds are properly managed for each specific project. By managing the project funds, early detection of potential problems can help minimize the possibility of payment disputes and ultimately claims.

Contact

Capital Administration Services Inc.

105 Adelaide St. West
Suite 700
Toronto, Ontario
M5H 1P9

To find out more, contact CASI at:

Tel: 647.965.9647 or 1.844.798.5084
iqbal.bhinder@nbfc.com

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