As a surety company, the key to your success lies in your ability to generate premiums and control losses. As a surety industry service provider, our key to success lies in our ability to provide a value-added service, a service that enhances your ability to generate premiums and control losses.

Every Dayhill owner, manager and principal is from the surety industry. When we sat down to design VERIPAY_TM we realized that we had to devise something that was different from the standardized funds control services already available in the marketplace. It didn’t take long for us to realize that there were three key areas to which this philosophy could be applied…

Product Design
VERIPAY_TM has been designed by a team of CPA’s with substantial auditing backgrounds. We have designed the system to function as an accounts payable auditing system. This audit mindset will ensure that:

• No project funds are released until every item on our internal control checklist has been verified.
• No project funds are diverted or misused.
• The release of profit and overhead is strictly controlled and front-loading is avoided.
• Cost overruns are immediately identified and you are promptly notified.
• Every lien release is properly secured in a timely manner.
• Bank balances are reconciled on an ongoing basis.
• Project accounts are funded on a “just-in-time” basis. None of your funds will be subject to float loss.

Customer Service
VERIPAY_TM affords unparalleled client service by offering a number of value-added features that make the process seamless for both you and the contractor.

• Kick off meetings are held prior to the execution of contracts. During these meetings, our account manager establishes a relationship with your contractor to ensure that the process will be seamless. We set expectations, educate your contractor on the process and develop an immediate rapport that eliminates any questions about the value of the service.
• Our online banking capabilities allow us to meet any special requests you might have. Need a special wire transfer? Done. Need instant check verification? Done. Need immediate check status? Done.
• We provide reports that provide you with critical summary and detail information. You get ongoing snapshots of activity throughout the course of the project.

Pricing
All projects and clients are not created equally. We have two broad-based pricing philosophies that ensure maximum value for you and your principals.

• Competitive Plus
  We realize the need to price our product in line with our value-added philosophy. We will work with you on pricing. Our combined pricing, product design, and customer service will be structured so that we meet your expectations and clearly surpass our competition.

• Flexibility
  One size does not fit all. We will work with you to develop a program that fits your needs and ensures maximum pricing values. Examples of our pricing arrangements include:
  Single project—price each project on a one-off basis.
  Project dollar block—buy a block of project dollars at a discounted rate.
  Annual—lock into a maximum payment no matter how many projects you might have.

To learn more about the advantages of VERIPAY_TM, please contact us.