Financial audits can’t predict risks that may arise after awarding a contract & as recent events have shown, even Builders with great reputations are not immune to external market forces, particularly when operating under onerous contract terms.
IPEX is designed to protect your funds against any potential Builder cashflow issues for the duration of your build.
Get in touch with IPEX today.
IPEX is an online payment platform that secures Developer/Lender funds intended for a project, protecting them 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 Sub-Contractors & Suppliers linked to that specific project. IPEX provides Developers with visibility over who has been paid & when, without sharing a Builders’ commercially sensitive information.
Whilst IPEX protects Developer & Sub-Contractor payments, it also helps financially secure Builders to validate their money management practices, differentiating their bid from competitors in the process.
Should your Builder become insolvent before completing an IPEX Project, the impact to Lenders & Developers is minimised as: