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 The high cost of layers of flawed and outdated payment-related processes embedded in projects at every link in the project payment chain is undisputed.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 EIGHT - All construction has just one thing in common; it’s all supposed to get paid for. The most effective way to succeed in construction today is to get paid early, pay others late and to accumulate a cache of working capital to use...
Productivity in construction has actually declined compared to other similar industries NUMBER NINE - According to the US Census, construction productivity is nearly the same as it was 80 years ago. In fact, it has actually declined since the 1960’s; while similar...
NUMBER TEN - Construction leads all other segments worldwide for length of accounts receivable; curious little fact that hardly raises an eyebrow in construction circles, but unfailingly evokes an account of a payment-chasing fiasco that...