ESCROW FEES
Tripartite Escrow Company service agreement can be canceled at any time. After an account is established, you can request as many Tripartite Escrow Agreements, the fees are as follows:
Tripartite Escrow Agreements Fee:
1. Escrow fee rate is 2% of the contract amount.
2. The escrow fee charge for any and all changes/additions/modifications to the original contract is 0%, no additional fee.
Payment terms:
1. When Government approve the Tripartite Escrow Agreement, contractor will be invoiced.
Other fees:
1. Setting up Tripartite Escrow Company account with TEC is FREE.
2. Cashier’s checks are FREE for each Payment Authorization Form.
3. Changes/additions/modifications are FREE, no additional fee.
4. Redrafting services for each addition to an Tripartite Escrow Agreement is FREE.
5. Mail escrow agreement FREE to you and government via USPS, Priority Mail.
6. Mail cashier’s checks FREE to you and supplier/subcontractor via USPS, Priority Mail.
7. Wire transfers are $50.00 for each Payment Authorization Form.