BUILDER INSOLVENCY PROTECTION FOR DEVELOPERS

You wouldn’t dream of starting a project without insurance against property damage, bad weather or theft, but most developers remain unprotected against one of the biggest risks they face: builder insolvency.

 

THE DUE DILIGENCE & STAT DEC PROCESSES ARE LEAVING DEVELOPERS EXPOSED

 

Industry-standard checks & balances fail to provide developers with certainty over a builders’ financial position or, how they’re using project funds:

  • Due diligence checks are historical, representative of a specific ‘point in time’ only
  • Key information relied upon to assess a builders’ financial health is supplied by the builder: why would a distressed builder share information likely to hurt their chances of winning the contract?
  • Your builders’ financial position can change very quickly but there is no ‘ongoing DD’: they’ll be juggling multiple existing projects & signing/commencing new contracts during your build – the likelihood that all will be profitable is slim, but you’ll be in the dark.
  • A signed ‘stat dec’ offers no assurance that subcontractors or suppliers on your project have been paid: what’s preventing them from using your funds to cover shortfalls on another project if they get into trouble?

 

IPEX HELPS DEVLEOPERS CLOSE DD & ‘STAT DEC’ GAPS

 

Book a 20 min IPEX demonstration & we’ll explain how developers & lenders are now:

  1. ‘testing’ builder financial claims to avoid engaging a builder that is already in trouble AND
  2. protecting themselves (& their project) against any future builder cash flow issues by preventing progress payments from being used to cashflow another developers’ project

*Terms & Conditions: Developers who register for the free IPEX demonstration by May 31 will receive 25% off the developer fees on their first IPEX project. Discount value capped at $2,500 AUD. IPEX contract must be signed by May 31, 2025.

WHAT IS IPEX?

IPEX is an online payment platform that secures funds intended for a project, protecting developers, subcontractors & suppliers 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 and suppliers linked to that specific project. IPEX provides developers with visibility over who has been paid and 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.



Introducing IPEX

Introducing IPEX