All construction has one thing in common: it’s all supposed to get paid for.
Unfortunately the construction industry leads all others worldwide for length of accounts receivable and least access to working capital. The high cost of layers of flawed and outdated payment-related processes embedded in projects at every link in the project payment chain is undisputed. BuildPay is the only financial technology, built specifically for construction, to protect everyone in the chain. Our mission is to reinvent construction payment, eliminate layers of flawed processes, clear out symptomatic costs, and enable work to accelerate.
INCREASED BUYING POWER
Providers prioritize BuildPay projects, giving increased buying power to funders and owners.
PAYWHENPAID & PAYBEFOREPAID
Proprietary payment timing controls allow for ultimate payment flexibility for providers.
BUILT WITH INDUSTRY INSIGHT
The technology was built because of first-hand experience in the construction industry, with insider access to the payment world.
ALL CONSTRUCTION TYPES
From new residential construction and large catastrophe events, BuildPay’s technology can provide benefits across the board.
SHORTER ACCOUNTS RECEIVABLE
Payments to everyone in the chain are made directly to their bank account, as soon as the work is approved.
Projects bid and executed with BuildPay come in lower for every line item.
The unique heirarchal structure gives users complete control of their projects.
NO TRADE CREDIT
Everybody’s holding the project money longer, but with BuildPay there’s no need for trade credit.
With visibility into every line item and increased transparency on every job, risks are reduced for every project member.
We’re Making Headlines
CHICAGO, ILLINOIS, 2018-Apr-14 — Steve Wightman, Founder and CEO of disruptive construction payment technology company, BuildPay, has been chosen as part of BuiltWorlds’ first-ever Mavericks Report: “25 Pioneers Who’ve Transformed The Built Industry,” a...
We were featured in BuiltWorlds Weekly Round Up for the Week of January 26th. Check out number 3 to see the latest update on BuildPay and what our employees are up to. https://builtworlds.com/news/round-up-jan-26-18/
We are excited to be featured in BuiltWorlds weekly Round Up for the second straight week. Check out number 3 to see what BuildPay has been up to. https://builtworlds.com/news/round-up-feb-2-18/
CEO Blog: Two Cents on a Barrelhead
NUMBER FOUR - Following the housing bubble burst in the early 2000’s many banks crossed lending and lines of credit for construction off their offerings – or, at least, dramatically tightened processes. Many subcontractors went out of...
NUMBER FIVE - More than 70% of construction work placed in the US is done by companies with less than 4 employees. These companies are mostly our subcontractors. Most do not have the strong financial wherewithal that the GC does. The...
NUMBER SIX - Everyone in construction expects some weather delays, but they are very difficult to accurately plan for, so bad weather is almost always underestimated. Payment issues are exactly the same. Pretty much everyone we talk to – at...