Owner & Contractor setup Project
(Phases / Subcontracts / Values)
Contractor & Sub/Supplier
setup Subcontract w/Invoice Milestones
Owner/Lender funds Project Wallet
Owner funds Subcontracts
from Project Wallet (ahead of work)
Approve to Pay
Contractor Approves Invoices
to Pay Subs/Suppliers
Owner Approves Phases
to Pay Contractor
Nested Wallets (FDIC Insured Bank Accounts in Evolve Bank & Trust) are created inside every Project - require funding ahead of work & distribute directly upon approval.
Banking + Blockchain = Payment Rails
allowing paperwork & payment automation direct from/to Subs, Suppliers, & Contractors.
(Wallet-to-Wallet transfer 12 seconds)