9 new IPEX features
To make it even quicker & easier to gather critical subcontractor payment information from IPEX, we’ve now pushed 9 new product features into production;
1: Open Book’ View now includes more key payment information
- Open book developer view now includes Contract Value (‘Contract’), ‘Paid to Date’ & ‘Retention Held’ information on Project Summary page
- You can still click through to any payee to view full transaction history & more contract details
2: Payee lists are now sorted by date of last payment
- Payees will now be listed in descending order from last date paid (‘Date’) by default
- This makes cross-referencing with QS assessment/identification of non-payment easier, particularly on projects with large numbers of payees
3: Filter payee lists by key payment information
- Payee filters have been added to Payee Summary page
- Standard View: filter payee lists by % of contract value paid (‘% Paid’)and Active/Inactive payees
- Open Book View: filter by contract value (‘Contract’), ‘Paid to Date’, ‘% Paid’, last payment date (‘Date’) & Active/Inactive payees
4: Search for specific subcontractors & suppliers
- We’ve added a search function next to Company
- For those of you with large payee lists (several projects have over 100 approved payees), the search function will allow you to quickly confirm the payment status of any individual subcontractor or supplier
- More functionality will be added soon making individual payee tracking easier
5: View estimated % Paid to Date for payees on P.O. or Rates
- You can now view payment information for subcontractors & suppliers working under Purchase Orders or on Rates.
- Standard View: ‘Contract % Paid’ information is now displayed (tracked against builder-entered trade budget)
- Open Book View: You can now view the builder-entered trade budget, ‘Paid to Date’ & ‘Contract % Paid’
6: The Developer Portal now displays ’Retention Held’ information
- Standard View: you can now view whether or not Retention is being held on a particular subcontractor & the % of contract value currently being held
- Open Book View: amounts held for Retention are now visible
7: Payee summary information can now be exported
- Export Payment Information: you can now export live payment summary information to Excel or PDF
- Export follows agreed level of transparency (Standard or Open Book view)
8: Monthly Developer Reports are now downloadable
- Monthly Developer Reports are now stored on the Developer portal & can be downloaded from the Monthly Reports tab
9: Split payment status for subcontractors with multiple contracts
- IPEX can now display contract payment status for a single subcontractor performing multiple Trade Works packages
- This feature also caters to a contract that includes both a fixed portion a provisional sum
- It’s also possible to have 1 package or value (i.e. the provisional sum) set to Open Book with the other restricted to Standard view
*When making payment, the builder will receive a prompt to allocate payment amounts to the relevant contract component. Values displayed will reflect builder-entered split.
