IPEX
Industry specific solutions
What is IPEX
Protecting developer project funds - Reducing builder insolvency risks
IPEX is an Australian online payment platform that secures funds intended for a project, protecting developers and subcontractors in the event of builder insolvency.
IPEX software integrates with a dedicated construction project bank account to ensure that progress payments are used only to pay approved subcontractors and suppliers linked to that specific project. IPEX provides developers with visibility over who has been paid and when, without sharing a builders’ commercially sensitive information.
Whilst IPEX protects developer and subcontractor payments, it also helps financially secure builders to validate their money management practices, differentiating their bid from competitors in the process.
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 & 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.