Whilst some Developers & Lenders will mandate the use of IPEX on every project they undertake as a condition of winning the contract, most are keen to have their Builder ‘buy in’.
Although IPEX can be implemented for maximum funds security & oversight, many are adopting a more ‘Builder friendly’ level of transparency, with set-ups that function as little more than an extension of standard due diligence & stat dec processes.
Contact IPEX to learn how Developers are protecting their funds AND keeping their Builders onside.
IPEX is an online payment platform that secures Developer/Lender funds intended for a project, protecting them 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 & 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.
Should your Builder become insolvent before completing an IPEX Project, the impact to Lenders & Developers is minimised as: