Build On Our Capabilities

We make it easier for you to get your project built.

New England Funds Control, LLC (NEFC) provides disbursement control services to the surety and construction industries on residential, commercial and government construction projects. NEFC is a wholly owned subsidiary of ARB, a CPA and consulting firm specializing in the construction industry.

How can we help?

We help facilitate the surety to provide bonding by independently matching contract receivables with corresponding contract payables on a project by project basis. Typically construction funds are deposited from the lender or owner directly into our trust account. Funds are then disbursed to the various project vendors, suppliers, and contractors.

NEFC acts as the escrow agent for disbursement of all types of lending entities including banks, mortgage companies, surety companies, and private money lenders. With NEFC, contractors and property owners have the assurance of timely funds disbursement as well as comprehensive lien release services.

We have the tools and services to protect the project and the parties

  • NEFC Lien Releases Protect Our Customers. These require information on labor and/or materials provided on the project and must accompany every voucher.
  • NEFC Line Item Transfer Requests
    – Help manage overages,
    – Ensure that proper authorization accompanies transfers from one line item to another, and
    – Facilitate the transfer and management of contingency funds.
  • NEFC Disbursements limit draws for overhead and supervision to the percentage of overall completion

Our detailed reports keep you on track

  • Budget vs. Actual: Shows every step of the construction progress. Provides complete details on payments made down to the line item.
  • Current Budget Summary/Detail: In the event of a line item transfer, this report shows the original versus the revised budget.
  • Voucher No. /Check Register: Shows every detail—the who, what, when, where, why of any and all monies paid.

Contact David Jean, CPA, CCIFP at 207-772-1981 to learn more.