Homeowners rejoice, a new way to better manage contractors

Ever been watching 20/20, 60 Minutes, or the local news for that matter, and you see a segment about some poor people who got royally screwed by their home contractor? Best case the contractor is incompetent, worst case its outright fraud. Either way the homeowners are out of a lot of money.

Well, now there is an answer - Buildproof - which launched today.
From their press release:

The system provides a simple-to-use solution to the financial risks and anxieties long-associated with home remodeling. Arizona is the first target market for Buildproof and the company plans to expand nationwide in the coming months.
  • Arizona homeowners experience up to $25 million in annual losses due to contractor fraud. Buildproof protects these homeowners, but also provides contractors with the ability to secure payments before, during and upon completion of the home improvement project.
  • Buildproof brings safety and stability to the $300 billion home improvement and remodeling industry by providing a “Safe House” money system. Project funds are held by an independent third-party financial institution to ensure safe handling and timely payment processing. There is no cost for homeowners to use the Buildproof system and contractors are only required to pay a small percentage of the total project cost.
  • According to the most recent study by the NACAA, home improvement is the number one most complained about industry in the U.S. Buildproof’s project management system enables homeowners and contractors to streamline communication and track project milestones.

Read their launch press release, or visit Buildproof.com.

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