There is no change to subcontractor claim process, builder claim process or QS assessment / approval process:

• Approved progress payments are paid into the builders’ IPEX account rather than their standard operational account
• The builder will receive their entitlements (prelims/margin/direct costs) plus those of any payees not required to be paid via IPEX (if any) via the agreed method, with the balance set aside for subcontractor/supplier payments
• The builder can pay onboarded subcontractors/suppliers/consultants whenever required by generating an ABA file via their accounting software. The ABA file is uploaded into IPEX; provided all payees contained within the ABA file have been onboarded to the project (and BSB/Account Number matches that entities info), payments are processed as they normally would be & remittance sent to each
• Subcontractor retention monies can also be held within IPEX