When arranging the financial settlement for (construction) projects, contractors require payment security and their clients need performance security. By establishing an escrow agreement, Fortis Escrow can execute the required cash management and the safe distribution of the (pre-)payments and thus provide certainty to all beneficiaries that they will receive their money.

There are many possible applications for the project escrow. Examples of project escrow include contracting projects, public-private projects and the safe distribution of subsidies.

The escrow agreement is generally initiated by the client’s project managers and is structured in close cooperation with Fortis Escrow. The financial structure must satisfy many parties. Fortis Escrow, the trusted third party, has the experience to handle and negotiate the release conditions for complicated cross-border project escrows. The escrow agreement provides clarity and comfort with respect to the financial rights and obligations of all participating parties.