HEAD CONTRACTORS
AND BUILDERS

STREAMLINE SUPPLY CHAIN AND PROJECT MANAGEMENT

  • Streamline financial management with a secure project
    bank account that keeps all project funds in one place.
  • Receive real-time notifications when a project’s funds are
    cleared and ready for use
  • Take advantage of our ABA batch processing features
    to streamline project payments to contractors
  • Minimise administration load and costs based on
    the BIF Act

Aside from meeting complex project milestones, managing cash flow is often a builder’s greatest challenge. With an easy-to-use interface, IPEX gives you access to all your projects funds in one secure and transparent payment platform, streamlining cash flow and project fund management.
Moreover, with greater financial transparency across a project’s supply chain, head contractors can ensure that everyone is paid for the work done and materials used and provide their clients with a clear audit trail.
IPEX is the perfect solution for head contractors looking to streamline supply chain payments, win more projects and provide their clients with greater transparency over project payment flow.

WIN MORE PROJECTS WITH IPEX

Project Bank Accounts are now a compliance requirement for many tenders in the construction industry. Backing your builds with IPEX can give you a competitive edge and help you win more contracts.
IPEX is the simplest way to set up and manage a Project Bank Account. Our online platform makes it easy to keep track of multiple projects storing all project payment information, project funds and documentation.
When you implement IPEX, you show developers and lenders that you manage their funds responsibly. You can keep track of project payments, project claims and retention funds while distributing funds to verified suppliers and subcontractors.
With IPEX, you have all the tools you need to streamline project payments, avoid disputes, and record and monitor all transactions for your build.
Get in touch with us to discover how IPEX can help you win more projects and streamline your supply chain.

HOW IPEX SUPPORTS HEAD CONTACTORS / BUILDERS

MINIMISE ADMINISTRATION

With IPEX, managing project bank accounts across multiple projects is simple, fast, and intuitive. Pay subcontractors directly with the click of a button.

MEET COMPLIANCE REQUIREMENTS

The IPEX platform helps you comply with the Building Industry Fairness Act (Security of Payments, 2017). This legislation requires all head contractors to set up, manage and make payments from a Project Bank Account such as IPEX. With IPEX, you have a detailed and accurate record of all project payments, so you can be confident you are meeting your compliance obligations.

AUTOMATIC REPORTING

Automated, time-based reporting is generated from the IPEX platform in line with Industry obligations, this helps save administrative costs for your business.

CLIENT TRUST AND CONFIDENCE

The IPEX platform is designed to comply with the Building
Industry Fairness (Security of Payment) Act 2017 and the QLD
(BIF Act). This legislation requires all head contractors to set
up, manage and make payments from a Project Bank Account
such as IPEX. IPEX builders and head contractors can securely
manage, distribute, and record all project payments to industry
standards.

PAY PROJECT PAYMENTS FAST

Receive real-time notifications when payments are made and received to verified subcontractors and suppliers with the click of a button.

MEET COMPLIANCE & REDUCE ADMIN

For head contractors, managing multiple construction projects generates a huge administration overhead. From managing cash flow and juggling several budgets in a single account to distributing payments to a host of different stakeholders – recordkeeping and account management, can quickly become a full-time job.
IPEX provides a solution that helps head contractors meet all these compliance requirements to industry standards simply and efficiently.
Increasing compliance measures and legislations relating to project payments and claims bring more stringent requirements for financial management, which can further complicate things.
As a project bank account, IPEX provides a solution that simplifies project payments to contractors so you can focus on what you’re good at: getting the build to completion on time and within budget.

FAQS


Backing your project with a secure and transparent Project Bank Account gives your clients greater confidence that you are in control and are managing their project funds responsibly.
Additionally, our online platform makes it easy to keep track of multiple projects in one place, storing all project information and payment details. This gives head contractors complete financial oversight of their projects and supply chain from one easy-to-use interface.
With real-time notifications when a project payment is processed to verified subcontractors and suppliers, you can manage cash flow and distribute project payments at the click of a button.



The construction industry is subject to increasing regulation, which results in greater compliance requirements for builders.
Meeting these requirements with paper-based methods is no longer feasible. With IPEX, head contractors have a detailed and accurate digital record of all project payments, so they can be confident they are meeting their compliance obligations.
With a transparent trail of project funds and payments, head contractors can easily demonstrate they adhere to industry standards.



IPEX minimises administration with automated reporting and time-based notifications, which aligns with the BIF Act. This helps builders reduce admin while ensuring compliance.
Additionally, IPEX stores all project information and documentation in one streamlined interface so head contractors can easily access everything they need for multiple projects.
Managing project bank accounts across multiple projects is simple, fast and intuitive with IPEX. Verified subcontractors and suppliers can be paid directly based on contract agreements, significantly reducing administration time and costs.



What’s more, project payments can only be made to verified subcontractors and suppliers, giving head contractors, clients, and principles complete peace of mind that project funds are distributed as intended.


HEAD CONTRACTOR INTERFACE

For head contractors, managing multiple construction projects generates a huge administration overhead,
whether through controlling cashflow, juggling several budgets in a single account,
or distributing payments to a host of different stakeholders.
With IPEX, each project can be managed simply and separately through our intuitive payment interface,
helping you manage project funds and pay stakeholders in seconds.