FINANCIAL TECHNOLOGY FOR CONSTRUCTION
All construction projects have one thing in common: They’re all supposed to be paid for. Using BuildPay technology on the job means everyone gets paid directly & on time.
100% Agreement
Imagine if every check written on a construction job could only be deposited if & when the subs were paid, the suppliers were paid, and everyone involved in the project – from the “funder” & owner to the smallest subcontractor or material provider – was in 100% agreement.
Who USEs BUildPay?
FUNDERS: Insurance Companies, Banks, Governments
Project OWNERS & Owner's Representatives
WORK PROVIDERS: General Contractors & Subs
MATERIAL PROVIDERS: Wholesale & Retail
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.
We’re Making Headlines
This Halloween, Get Paid with BuildPay
Payment in construction can be frightful for everyone involved – from the bank to the sub to the material provider. Everyone has a stake in finishing the project (and getting paid), but the lack of visibility up and down the payment chain can sneak up and scare the...
BuildPay looks to Florida for Growth as it secures first $1 million project
We're excited to share this great article from the The Albany Business Review about BuildPay's technology grabbing hold in Florida in a big way! Read part of the article below and read the whole piece here. Aug 3, 2018 - BuildPay, a financial...
Why Construction Needs to Ditch Paper Checks
Checks are a form of payment that date back to the 11th century. That’s pretty old for any process to subsist with minimal change! The construction industry is struggling with being staid and therefore is somewhat unappealing to young people. It’s an industry that...
THE TOP 10 (FIXABLE) CONSTRUCTION PAYMENT PROBLEMS COUNTDOWN
NUMBER ONE - Mom & Pop Independent Material Providers across the country all seem to say the same thing, “we do not like being the bank for projects”, referring to their extending lines of credit for materials averaging 42% of a project’s...
BuildPay featured in BuiltWorlds Weekly Round Up for the Week of August 5
We were featured in BuiltWorlds Weekly Round Up for the Week of August 5. Check out number 2 to see the latest update on BuildPay and what our employees are up to. https://builtworlds.com/news/weekly-round-news/ What is BuildPay?...
BuildPay Lands its First Million-Dollar Project
BONITA SPRINGS, FL Jun 26th, 2018 – Upstate New York based construction payment tech startup, BuildPay, celebrated its first million-dollar project this week. The milestone is the first of many that are expected to tip in the coming months. The project...
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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