When a builder submits a progress claim, they are not only asking to be reimbursed for costs incurred by their business, but also on behalf of the consultants, subcontractors and suppliers that have performed work on and/or provided materials for the project – only a portion of the progress payment is actually the builders money. […]
Melbourne, Australia, 18 September 2023 – IPEX – the industry-leading payments platform that protects project funds and offers enhanced payment security to the construction industry – has set its sights on becoming the ‘industry standard’ in its mission to safeguard against the threat and damage of insolvency and non-payment in Australia’s $360 billion construction industry. […]
MEDIA RELEASE IPEX Launches Payments Platform to Help Restore Confidence in Australia’s $360 Billion Construction Sector Innovative Buildtech Platform Revolutionises the Payment Process for Developers, Builders, Subcontractor and Suppliers to Help Protect the Delivery of Homes and Offices for Australians As Australia’s building industry faces the fallout behind a recent trend of high-profile insolvencies, a revolutionary […]
