Monitoring, escrow & fiduciary performance of contracts – THI links payment to performance
Background
A contract is blocked in performance, performance and consideration are in dispute, or a project is at risk of failing at technical, commercial or organisational interfaces.
THI’s role
THI holds the funds in trust accounts (escrow), examines whether they are ready for release on the basis of contractually defined criteria and pays out if the examination is positive.
Typical services
- setting up and administering trust accounts (escrow)
- formal determination of readiness for payment with documented confirmation notes
- support for asset handovers – for example code repositories, system access and documentation
- payment on achievement of the defined milestones
Target group
principals and contractors in critical projects, investors, shareholders.
More fiduciary solutions
Direct contact
Dr Joël B. Münch
Jeannette Döhler
Response within one business day.