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disbursement methods
Voucher Process
This disbursing process utilizes a "Payment Voucher". This voucher is given to subcontractors and suppliers by the general contractor as a means of payment. The payee follows the instruction on the voucher and forwards the voucher and backup documentation to us. We write and mail the check directly to the payee.

Draw requests are submitted to us by the general contractor and owner. The request is reviewed, entered into the system and forwarded to the lender for funding. Checks are issued to payees presenting vouchers once funds have been received. The spreadsheets are updated and circulated to the lender, owner and general contractor. At the end of the year, we issue 1099-MISC documents as required by the IRS.
  Download Sample Voucher Form Voucher Presentation
Zero Balance Account (ZBA)
The ZBA disbursement method utilizes a dedicated checking account. The account is opened by the borrower at the construction lender's bank. This checking account is used to make the payments to the general contractor, subcontractors, suppliers and vendors.

The process begins with the general contractor submitting a draw request to the borrower. The draw request consists of a series of invoices and conditional releases from the general contractor's subcontractors and suppliers for the current billing period. The borrower reviews the draw request and writes checks from the dedicated checking account for each payee. In some cases, the general contractor is the custodian of the checkbook and processes the checks for the borrower. Only the borrower can sign the checks. Once the borrower has approved the draw, the entire package is forwarded to our office. We review all the documents, compare the request with the most current inspection, update the disbursement spreadsheet and send the approved draw to the lender in the overnight mail. The lender funds the draw and mails the checks directly to the payees.
  Download Sample ZBA Form ZBA Presentation
Class "A"
The Class "A" method of disbursing is patterned after the A.I.A. G-702, Application and Certificate for Payment. The general contractor completes the G-702 and G-703 forms. He then forwards the forms to the owner with invoices and conditional releases from the general contractor's subcontractors for the current billing period. The owner reviews the request, approves it, and forwards it to our office. We review the documentation, update the disbursement spreadsheet and forward the approved draw to the construction lender.

Ordinarily, one check for the general contractor is included with the draw package for the net amount of the draw. The general contractor uses these funds to pay the various subcontractors and suppliers that were included in the request. Successive draw requests require unconditional releases from those subcontractors and suppliers verifying proof of payment.
  Download Sample Class "A" Form Class "A" Presentation
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Updated September 13, 2019

Bi-Monthly Construction Inspections
Chuck Hasz Enterprise conducts bi monthly inspections on all of the construction projects that are assigned with fund control. Inspectors are assigned projects on a bi monthly basis where they drive to the projects assigned for that day. Inspections consist of meeting with and walking the job site with superintendent, when available, if he is not available the inspector walks the site on their own. The inspector takes pictures of current construction progress that has taken place since the last inspection. The inspector notes all site conditions, Job progress, Superintendent on site, Workers on site and materials stored. He then scores the construction cost breakdown for increases in construction progress line item by line item. Pictures and comments are sent to the main office and forwarded to the appropriate lender. See fee page for cost.
Updated September 25, 2018

Collateral Asset Inspections
Banks periodically need to have the collateral asset property inspected. We normally receive a list from a lender of the properties that are in need of a walk through inspection usually on a semiannual basis. Our office administration team contacts the owner of the property and sets up a time for our inspectors to walk the property usually with the owner or owner?s represenitive. Pictures of the asset are taken along with comments on the condition of the property. There are properties where there is no access to the interior of the building and only exterior pictures are required. These are sent to the lender of record. See fee page for cost.
Updated September 25, 2018