The Check That Helps Developers ‘Step In’ Before Their Builder Enters Administration ‘Step In’ Rights Are Great In Theory – But Will They Protect You…
Don’t Wait Until Your Money Is Gone
Tag: payments platform
The (Multi) Million Dollar Question
How do You Get Your Builder to Agree to Transparent and Secure Payments Conditions Hopefully, most of you have heard of IPEX by now (for…
Builders Are Negotiating Up To 2.5%* Of Contract Value Upfront On New Projects – Here’s How
The recent wave of high-profile builder insolvencies is further proof that the construction industry’s commercial builder payment model is broken. Unfortunately, it’s also made many…
Only The Builder Knows Their True Financial Position; Why Should Developers & Lenders Be Forced To Guess?
There’s no doubt that current market conditions have placed significant financial stress on builders; the Australian Constructors Association is reporting that building firms are entering…
Government Project Trust Account Legislation: Are They a Shield for Subbies and Developers?
Several Governments have decided to step in with specific legislation related to trust accounts intended to protect subcontractor payments. The QLD, NSW & WA Governments have all introduced rules governing how builders are to manage progress payments and/or retention money held against subcontractors. We’ve looked at the various legislations introduced to date, both in principle & in practice, so we thought we’d provide an assessment of each from intent to adoption & outcomes. We also provide some insight into our ongoing interactions with the various industry bodies that have introduced these policies/processes as well as those set to influence future frameworks.
QBCC Payment Rules Under Fire: Are Subcontractor Payments and Developer Funds Truly Protected?
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…
IPEX Launches Payments Platform
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,…