Allocation and Award Calculation

 Payout, Escrow and Fund Management Coordination (Excluding QSF Setup) 

Description and Importance

Manages secure fund holding/disbursement. Banks provide expertise; prevents mismanagement.

Step-by-Step Process

Fund Transfer: Deposit into escrow (e.g., via wire). 

Investment: Conservative (e.g., T-bills) for interest. 

Reconciliation: Match awards to fund. 

Disbursements: Issue payments (checks, ACH) minus liens/taxes. 

Handling Issues: Reissue undeliverables; track returns. 

Closure: Final audit; distribute residuals. 



Best practices: Dual controls; FDIC-insured accounts.