Texas Construction Trust Funds: Accounts and Control
Texas contractors control statutory trust funds. Residential homestead jobs over $5,000 add specific construction-account and recordkeeping requirements.
Buildplus Money Matters
Texas contractors control statutory trust funds. Residential homestead jobs over $5,000 add specific construction-account and recordkeeping requirements.
New York contractors must keep project trust funds identifiable and properly documented. Dedicated Buildplus project accounts make that discipline easier.
Michigan law does not require a separate bank account for every construction project, but contractors must protect project funds and be able to show where the money went.
Traditional fund control protects a project by putting a third party between the money and the builder. Buildplus provides segregation, transparency, and accountability while the general contractor keeps control.
Most general contractors never owe a true fiduciary duty. The legal and ethical duties they do owe are serious—and far easier to meet with rigorous project accounting.