How to pay your architect or contractor without the usual risk or headaches

At New Avenue we try to make it as risk free and as easy as possible to pay for architecture and construction services.  We provide bid management, invoicing and payment service to owners for free.  You can hire a New Avenue architect or contractor, or you can hire your own architect or contractor, or both!

First you have to get a Design Proposal or a Construction Bid that you want to accept.  Of course, we are always eager to provide either. This article assumes you’ve already met with an architect or contractor and you want to accept their proposal or bid.

Architects give proposals while contractors give bids.  We always bill hourly for architecture but do fixed price bids for contractors.  It’s just best to do it this way because design and permits are so open ended.  While construction is much more concrete.

Once you accept a proposal or bid, we send out a form for you to set up an EFT, or electronic funds transfer.  This is the same way almost all employers pay their employees and how online services like PayPal work.  This is easier and safer than checks so almost all of our clients set that up.

When you get an invoice from either your architect or later your contractor, you can review the invoice and if it looks good you can click approve.  By clicking approve that authorizes your bank to send the funds through our system and pay the person who invoiced you.

The limit for any payment is the amount you approve when you click that approve button on the site.  Payments range from a few hundred for small design tasks up to $100,000+ during construction.
Ideally your architect or contractor will bill you every single month.  It’s actually in your best interest as an owner to ask for an invoice if you haven’t received one.  The invoicing is the best way to measure progress.