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IPEX
Industry payment exchange
Level 3, 2-4 Ross Pl, South Melbourne VIC 3205
(03) 8456 8032
Use cases
Who benefits
Developers
Stop paying other developers’ bills. Deter distressed builders from tendering and protect your project against future unforeseen builder cashflow issues.
Builders
Leverage your strong financial position into more contracts and better commercial terms without sharing commercially sensitive information.
Lenders
The QS certifies progress, not payments. Payment transparency lets you validate ‘Cost to Complete’ forecasts against actual cash outflow & detect funding gaps before they become defaults.
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.
Case studies
Customer success stories
Winim
Developer WINIM can now see that progress payments are going where they should; credits platform for removing key delivery risk…
Bluescope & Frasers
ASX-listed BlueScope and real estate manager Frasers Property have moved to protect $400M+ in funds set to be spent on upcoming projects behind the IPEX payments platform…
Balmain & Co
Why would a builder pro-actively offer to ‘ring-fence’ project funds & provide subcontractor payment transparency? We ask leading commercial builder Balmain & Co….