"CASH" WINS ON YOUR NEXT CONSTRUCTION PROJECT

#RebuildFlorida

Ask your reconstruction funder about the advantages of BuildPay
Hurricane Irma

BuildPay makes your project more attractive to contractors, subcontractors and material providers. When their chronic cash-flow issues disappear, your project goes faster and costs go down. Ask your bank about using BuildPay.

The Problem with Construction

VS.

The BuildPay Advantage

BROKEN PAYMENT CHAIN

The construction industry suffers from the worst cash-flow and accounts receivable of any major industry in the world.

PAYMENT DELAYS

Even if you expect to pay your contractor on time, subcontractors and material providers expect to wait to get paid and they factor that past history into their pricing.

 

BUILDPAY ADVANTAGE

Construction costs less and work accelerates when current payment issues are removed for every provider of oversight, work and materials on your project.

HOW BUILDPAY WORKS FOR OWNERS

STEP 1

Ask your construction lender about using BuildPay

STEP 2

Once your Funder is set up, you invite your contractor, who invites their subs until everyone providing oversight, work or materials is set up to get paid from your bank, through BuildPay instructions.  BuildPay independently sets up material providers that you and your work providers want to use

STEP 3

You approve payment requests from your contractor, which triggers payment releases directly to the contractor and subcontractors for contractor-approved work. Material payment releases occur when materials are procured unless otherwise instructed.  Repeat until project is complete and all work is approved