IPEX

Protect your project against unforeseen builder cashflow issues

Cost escalations on another project can quickly become your problem. IPEX software ‘ring-fences’ progress payments to your project, ensuring your funds  can’t be used to pay another developers’ bills.

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IPEX developer view

Who we work with

What is IPEX

Reduce the risk and impact of builder insolvency
for developers and lenders

IPEX combines legal protections with practical controls to ‘ring-fence’ funds to your project.

Builders can access payment for their preliminaries, margin and any direct costs, but the balance of each progress payment is set aside and off limits to the builder – these funds can be used only to pay approved consultants, subcontractors and suppliers. 

IPEX allows developers to confirm who has been paid, when and how much* before approving further claims. Builders are not required to reveal commercially sensitive information like subcontract values or their margin however, all transactions are documented, providing a clear audit trail should the builder enter administration.  

IPEX doesn’t change builder obligations under industry-standard agreements, it provides a range of tools to ensure that they’re honouring them.

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*Standard developer portal view shows payment values as % of contract value / Open book developer portal view shows exact payment amounts.

Using IPEX

Practical outcomes for developers

‘Test’ builder due diligence outcomes before awarding the contract

Stop payments being used to cashflow other projects

Validate ‘stat decs’ to confirm subcontractor payments

Identify ‘payment default’ events early and act on ‘step in’ rights

Protect funds already paid to builder in the event of insolvency

No change to builder processes and no impact on builder payment

Attract subcontractors by reducing risk of non-payment
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Use cases

Who benefits

Developers

Reduce the risk/impact of builder insolvency. Deter distressed builders from tendering and protect your project against future builder cashflow issues.

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Builders

Leverage your strong financial position into more contracts and better commercial terms without sharing commercially sensitive information.

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Lenders

Prevent loaned funds from being diverted to other projects linked to your builder (or developer). Reduce risk and automate oversight for developer-builder lending.

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Project managers

De-risk builder recommendations and identify non-payment of subcontractors/ suppliers immediately. Reduce reputational risk while maximising the chances of successful project delivery.

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Subcontractors and suppliers

Work for builders who won’t risk your entitlements to cashflow other projects. Reduce your risk of non-payment in the event of builder insolvency.

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Construction lawyers

Add practical controls to existing legal protections. Best practice risk mitigation for your property developer clients.

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Testimonials

What our partners say

“Based on our experience IPEX should be mandatory. It is now an integrated and essential part of our governance. It’s delivering a new standard of providing trust downstream to our subcontractors and suppliers that they’ll be paid and upstream to our clients and the financial institutions funding these projects.”
Ken O'ConnorDirector
Ken O'Connor
“IPEX delivers the security of funds subcontractors need on projects. Everyone prices risk into jobs; however, with the IPEX concept, there is a reduction of payment risk, which should translate into a more competitively priced trade insurance outcome. It’s really in everyone’s best interests in the long run to use IPEX.”
Sam LeslieGeneral Manager
Sam Leslie
“Once we were aware of IPEX and decided to implement this new standard for project payments, it was a seamless onboarding and end-user experience. It reduces risk and addresses trust and relationship building in one platform. This will put us in a powerful position as the demand for construction labour increases.”
Rob MoolmanManaging Director
Rob Moolman
"At Frasers, we take our commitment to every project, and every investor, builder, subcontractor, supplier, and customer we work with seriously. That means putting in place financial frameworks and processes to ensure that every dollar is used for its intended purpose, and there is full accountability and transparency over the budget for a project.” “We’re so excited about the Encompass development, which has a real ‘wow’ factor, and through IPEX we’re better positioned to deliver the project securely and successfully.”
Sarah BloomGeneral Manager Development Victoria
Sarah Bloom
"From the moment I understood what IPEX provided I had no hesitation in introducing it to BlueScope. With such a major capital works project it was clearly a very prudent risk management tool. With hundreds of millions of dollars being paid to suppliers and subcontractors through major contractors, securing certainty that monies were being delivered into the accounts of the substantial number of subcontractors and suppliers was critical.“
Steve ChandlerCEO
Steve Chandler
"After a year of utilising the IPEX platform on one of our key commercial construction projects, the experience has been overwhelmingly positive. The platform’s user interface and our customer service experience have exceeded our expectations, significantly bolstering the security and efficiency of our collaboration with the builder. The adoption of IPEX has been embraced by the builder and & it provides additional comfort to trades particularly with the current construction industry challenges."
John VickersDirector
John Vickers
“Based on our experience IPEX should be mandatory. It is now an integrated and essential part of our governance. It’s delivering a new standard of providing trust downstream to our subcontractors and suppliers that they’ll be paid and upstream to our clients and the financial institutions funding these projects.”
Ken O'ConnorDirector
Ken O'Connor
“IPEX delivers the security of funds subcontractors need on projects. Everyone prices risk into jobs; however, with the IPEX concept, there is a reduction of payment risk, which should translate into a more competitively priced trade insurance outcome. It’s really in everyone’s best interests in the long run to use IPEX.”
Sam LeslieGeneral Manager
Sam Leslie
“Once we were aware of IPEX and decided to implement this new standard for project payments, it was a seamless onboarding and end-user experience. It reduces risk and addresses trust and relationship building in one platform. This will put us in a powerful position as the demand for construction labour increases.”
Rob MoolmanManaging Director
Rob Moolman
"At Frasers, we take our commitment to every project, and every investor, builder, subcontractor, supplier, and customer we work with seriously. That means putting in place financial frameworks and processes to ensure that every dollar is used for its intended purpose, and there is full accountability and transparency over the budget for a project.” “We’re so excited about the Encompass development, which has a real ‘wow’ factor, and through IPEX we’re better positioned to deliver the project securely and successfully.”
Sarah BloomGeneral Manager Development Victoria
Sarah Bloom
"From the moment I understood what IPEX provided I had no hesitation in introducing it to BlueScope. With such a major capital works project it was clearly a very prudent risk management tool. With hundreds of millions of dollars being paid to suppliers and subcontractors through major contractors, securing certainty that monies were being delivered into the accounts of the substantial number of subcontractors and suppliers was critical.“
Steve ChandlerCEO
Steve Chandler
"After a year of utilising the IPEX platform on one of our key commercial construction projects, the experience has been overwhelmingly positive. The platform’s user interface and our customer service experience have exceeded our expectations, significantly bolstering the security and efficiency of our collaboration with the builder. The adoption of IPEX has been embraced by the builder and & it provides additional comfort to trades particularly with the current construction industry challenges."
John VickersDirector
John Vickers
Use cases

Tailored transparency and control to manage any project scenario

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  • ‘Test’ builder due diligence outcomes and deter builders in financial distress from tendering
  • Protect your project against future builder cashflow issues that may occur after you award the contract
  • Increase transparency/oversight when working with higher risk builders i.e. first project together or a builder who is ‘stepping up’ a level
  • Protect funds already paid to the builder in an insolvency event and receive full transaction history
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  • ‘Offer ‘controlled’ assistance to a distressed builder; make sure all payments made outside of the contract reach the intended recipient/s
  • ‘Ring-fence’ all future progress payments to ensure they’re spent on your project
  • Lower the risk of moving forward with your current builder in substantiated instances of non/delayed payment of subcontractors and/or suppliers
More scenarios
Case studies

Customer success stories

Balmain & Co

IPEX platform transforms project bank account payments benchmarks for better building industry outcomes.

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Nash Project Management

IPEX payments platform incorporated into tender system for greater peace of mind.

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Kervale

IPEX sets new benchmarks for ethical and transparent transfer of project funds from developer to builder, subcontractors and suppliers.

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See how IPEX works; reduce risk without changing industry-standard processes

IPEX helps everyone get paid what they’re entitled to without changing subcontractor/builder claim or QS certification processes.

With IPEX, subcontractor and supplier payments can be validated against each certified claim, allowing non-payments to be identified & addressed before further payments are approved.

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