REQUEST FOR SERVICE AGREEMENT.
As a condition precedent to obtaining a Tripartite Escrow Agreement, the applicant must first enter into and execute a Service Agreement with Tripartite Escrow Company. Upon execution of the Service Agreement, the applicant may request the issuance of a Tripartite Escrow Agreement identifying the suppliers, subcontractors, and/or other authorized payees who will receive payment from the escrow account.
Before proceeding, it is essential that you carefully review and understand the terms and conditions of the Sample Service Agreement. Review of the Sample Service Agreement should be completed prior to submitting any application or request for escrow services.
FIRST AND FOREMOST: Please review the terms and conditions of the Sample Service Agreement by selecting the link or button provided below.
Tripartite Escrow Agreement — An escrow service fee equal to two percent (2%) of the original contract amount shall be assessed for the issuance and administration of the Tripartite Escrow Agreement. No additional fees shall be imposed for any changes, additions, amendments, modifications, or change orders relating to the original contract, all of which shall be processed at no additional charge.