With over 70 years of construction experience in the founding team, we were not surprised to find out that the construction industry has the highest rate of insolvencies out of any industry.
Added to the fact is that while other industries have embraced technology the construction industry has lacked technological progression. We understand through our own pain how much the payment process needed to change in a way that would help the whole supply chain.
How do Subcontractors & Suppliers get paid?
The builder uses IPEX online payment interface, payments are processed through the New Payment Platform (NPP). You receive funds instantly!
How Much Does IPEX Cost?
IPEX charges a fee of a quarter of one percent or 0.25% for the money paid out to subcontractors & suppliers. i.e. payment to Subcontractors of $1,000.00, IPEX fee is $2.50
Who Pays for IPEX?
The subcontractors & suppliers incur the fee for IPEX service as they reap the benefits of having security of their hard earned money, giving them peace of mind so they can focus on building their business.
The IPEX system works seamlessly and doesn’t create any more work for me as the Builder.
How can I help get this software product onto more Construction Projects.
Great Concept! Significantly reduces risk and we hope to see it used widely through the industry.
Someone should have come up with something like this years ago.
IPEX gives me confidence that I will get paid, so I can focus on building my company.
IPEX software integrates with a dedicated project trust 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.