Whilst lenders have traditionally shied away from the developer-builder model, it remains extremely difficult to get a project off the ground with a third-party builder in many sections of the market – this has forced lenders to re-consider their position. But although many are now warming to the idea of funding developer-builder projects, the underlying […]
The construction industry has embraced drone surveys, 3D modelling and AI project management, but still releases millions based on 19th century verification methods. While almost every other aspect of construction has been digitised, payment verification remains stuck in the era of handshake agreements. More than 2800 construction companies went into insolvency in 2024 alone, yet […]
When a commercial builder enters administration, headlines naturally gravitate towards what they might owe, before attention turns to why they failed. And while the specific circumstances may vary, each collapse is inevitably chalked up to a version of “difficult market conditions beyond the builder’s control.” But there’s a third element that’s rarely discussed. Even if […]
With widespread builder liquidity issues & the threat of insolvency constantly looming, it’s probably no surprise that IPEX has proven to be a very popular tool amongst developers, lenders & project managers. The ability to cross-check subcontractor payments against the QS assessment & identify non-payment before approving further claims removes a major development risk. But […]
Builders Can Now Access Their Entitlements Immediately (But Still Can’t Touch Anyone Else’s) IPEX has now released a third option for the payment of builder entitlements, removing the last commercially valid point of contention (without compromising the security of subcontractor and supplier entitlements). Until now, builders either received an agreed percentage of any subcontractor/supplier payments […]
Original article posted 10th December 2023, The Australian Business Review. Major developers and businesses are taking extra measures to reduce the risk of financial loss and exposure to a soaring number of builders going bust every day across Australia. ASX-listed BlueScope and real estate manager Frasers Property have moved to protect hundreds of millions of […]
Melbourne, Australia, 18 September 2023 – IPEX – the industry-leading payments platform that protects project funds and offers enhanced payment security to the construction industry – has set its sights on becoming the ‘industry standard’ in its mission to safeguard against the threat and damage of insolvency and non-payment in Australia’s $360 billion construction industry. […]
MEDIA RELEASE IPEX Launches Payments Platform to Help Restore Confidence in Australia’s $360 Billion Construction Sector Innovative Buildtech Platform Revolutionises the Payment Process for Developers, Builders, Subcontractor and Suppliers to Help Protect the Delivery of Homes and Offices for Australians As Australia’s building industry faces the fallout behind a recent trend of high-profile insolvencies, a revolutionary […]
IPEX is a revolutionary Australian payments platform for protecting the cashflow of construction projects. The platform is user-friendly, cost-effective and can be easily onboarded onto any project, using a self-service application. Subcontractors and suppliers receive funds into their accounts instantly with a notification automatically sent to them. IPEX helps you meet obligations for a simplified […]
