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 The high cost of layers of flawed and outdated payment-related processes embedded in projects at every link in the project payment chain is undisputed.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
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/
https://builtworlds.com/news/contractors-turning-fintech-startups-boost-bottom-lines/ BuildPay was featured in an article published by BuiltWorlds about how the construction industry is beginning to turn to Financial Technology - FinTech - to improve...
CEO Blog: Two Cents on a Barrelhead
Feb 8th 2018 - The construction industry would move mountains to get paid (literally, take a look at Dodger Stadium in LA). And with $1.23 trillion spent on new construction last year in the US, we don’t blame you. There’s a lot of money to be...
Jan 29, 2018 – Watch the [FAA approved airspace] skies forthe newest licensed drone pilot! Ross Wightman, of BuildPay’s product and business development team, was issued his drone piloting license from the Airman Certificate’s Branch (IACRA) after successfully...
Jan 22, 2018 - Together with the Construction Marketing Association (CMA), BuildPay is proud to announce that their head of product development has earned her professional certificate in construction marketing (CCMP). Leah Hennessey has been with...