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.
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.
*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
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.
Builders
Leverage your strong financial position into more contracts and better commercial terms without sharing commercially sensitive information.
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.
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.
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.
Construction lawyers
Add practical controls to existing legal protections. Best practice risk mitigation for your property developer clients.
Testimonials
What our partners say
Case studies
Customer success stories
Balmain & Co
IPEX platform transforms project bank account payments benchmarks for better building industry outcomes.
Nash Project Management
IPEX payments platform incorporated into tender system for greater peace of mind.
Kervale
IPEX sets new benchmarks for ethical and transparent transfer of project funds from developer to builder, subcontractors and suppliers.
Get started
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.
