Data interoperability and Digital Ecosystems are enabled by utilizing standardized data sets like XBRL and FDX that can be exchanged by project stakeholders for multiple purposes.
From this website you can:
Based on your login you will be able to review the project agreements our company has indicated your company as a permissioned stakeholder.
Surety document types
Select Status
Login to your FISTech account
Select "Create New Bond Record"
Go to Agreements - Select the project.
Select surety document Type
Import data from your system or manually enter data.
Hit Save
To create a request for a subcontractor or supplier to submit a digital surety bond
Surety document types
Select Status
Login to your FISTech account
Select "Create New Bond Record"
Go to Agreements - Select the project.
Select the counterparty and contact.
Select surety document Type
Hit Save - Project data will populate from agreement, counterparty and surety data sets.
Hit Send Email to send the link to the subcontractor or supplier to complete.
Counterparty logins in and provides data and Bond Number.
FISTech will send API to surety to validate surety document is in their system and generates a Bond Validation Number.
Subcontractor or Supplier has provided the name of their surety company and surety broker along with the bond number provided by their surety broker/surety company
Login to your FISTech account
Select Agreement (Project)
Select Subcontractor or Supplier
Select "Import Bond Record" or manfully enter the surety company name and bond document number
Hit Create Bond Validation Number
Based on your login you will be able to upload surety bond data.
Note: You can upload surety bond data to other companies that are using the FISTech platform.
Login to your FISTech account
Select "Import Bond Records"
Note: Under Construction
Based on your login you will be able to review the surety bonds you have posted and the bonds received.
Bond records are not editable. To change or update information create a Consent of surety to change bond data.
Note: Your list of surety bonds can include bonds posted to other companies that are using the FISTech platform.
Login to your FISTech account
Select "View Bond Records"
Invite the subcontractor or supplier to use the application for payment process for submitting an application for payment.
First Payment Request
Most of the data is prepopulated from the agreement, surety bond and counterparty data.
Enter the amounts requested and provide any detail on change orders, RFI's, directives and regulatory issues.
Monthly Payment Request
Data is carried forward from previous application for payment.
Enter the amounts requested and provide any detail on new change orders, RFI's, directives and regulatory issues.
Select Status
Login to your FISTech account
Select "First Payment Request"
or select "Monthly Payment Request"
Go to Agreements - Select the project.
Import data from your system or manually enter data.
Hit Save
Based on your login you will be able to review the project agreements our company has indicated your company as a permissioned stakeholder.
First Payment Request
Most of the data is prepopulated from the agreement, surety bond and counterparty data.
The counterparty will enter the amounts requested and provide any detail on change orders, RFI's, directives and regulatory issues.
Request will start out as "Under Review"
Once there is mutual agreement the request shifts from "Under Review" to "Approved".
Approved records cannot be edited.
Monthly Payment Request
Data is carried forward from previous application for payment.
The counterparty will enter the amounts requested and provide any detail on new change orders, RFI's, directives and regulatory issues.
Select Status
Login to your FISTech account
Go to Agreements - Select the project.
Select the counterparty and contact.
Select "View Payment Applications"
Hit Send Email to send the link to the subcontractor or supplier to complete.
Counterparty logins in and provides application for payment data.
Mutually agree the application for payment amounts and details
Hit Save
FISTech will send information to surety if there are signs of stress. Stop notices, liens, behind schedule, etc.
Based on your login you will be able to review your previous applications for payment, and application for payments received from counterparties.
Approved applications for payment are not editable.
To change or update information create a new application for payment and provide the update.
Note: Your list of applications for payment include other companies that are using the FISTech platform.
Login to your FISTech account
Select "View Payment Applications"
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