Hardwiring construction payment
BuildPay’s technology enables insurance companies to leverage their own buying power to deliver more benefits to the construction supply chain, reduce building time, and save money.
INTRODUCING: XChange, BuildPay’s most advanced release, powered by Chase. Read the press release.
BuildPay’s XChange technology provides assured, rapid payment for all construction & material providers direct from an insurance company’s payment account.
WHO BENEFITS?
INSURERS
With property losses
OWNERS
Claimholders with losses
PROVIDERS
General Contractors & Subs
MATERIALS
Wholesale & Retail Material Providers
THE TECHNOLOGY
Online access gives everyone on the project the ability to view, change, track and manage the project payment.
Transparency into project payment progress and purchased materials restores trust and reduces project risk.
Payment agreements are memorialized and promises are kept, allowing work to accelerate and projects to finish faster.
Payments for work and material purchases are made directly from the owner/funder’s project account – controlled by BuildPay.
BuildPay’s team leverages years of industry experience, and our dynamic materials network to source new and discontinued materials needed for insurance loss reconstruction.
PARTNERS & SUPPORTING COMPANIES
HEADLINES
Discontinued Tile Locating Infographic
Start Looking Forward
Start Looking Forward By Steve Wightman|BuildPay CEO The construction industry, as we know it, is changing rapidly and technology finally has a ticket on the train. There are going to be rapid benefits to an industry without productivity...
BuildPay Introduces XChange 1.0
Thank You for Your Support
BUFFALO, NY June 22nd, 2019 - Team BuildPay met and exceeded their fundraising goals for the 24th annual Ride for Roswell. The bike ride event raises money for Roswell Park Comprehensive Cancer Center in Buffalo, NY where BuildPay's VP of Product Development and...
Demotech: Irma, Queen of the Tile
The Demotech Difference Summer 2019 Issue was released August 1st and featured an article written by BuildPay CEO, Steve Wightman, that focuses on the dysfunction of the construction supply chain. An excerpt from the full article is below. On the...
The BuildPay Contractor Curtain™
The BuildPay Contractor Curtain™ Growth in construction is expected to continue to accelerate into 2020.Projected to be one of the fastest growing industries by the Bureau of Labor Statistics and a report from Timetric’s Construction...
All construction has one thing in common: it’s all supposed to get paid for. BuildPay is the only company that’s connected at every stage of the project lifecycle and is leveraging advantages from the promises that we make sure are kept.
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