COVID-19 Update: Apply Online - Fast Service 
« Back to Glossary Index

In surety, the process of having a third party take control of a contractor’s earned revenue on a given project and paying the appropriate subcontractors and suppliers on that project with the earned revenue.

Escrow is a special tool that helps contract bond underwriters provide contractors with performance and payment bonds when they may not be able to qualify without it. Escrow can also be called Funds Administration or Funds Control. Read more about escrow here.