A win for the Lender or Investor
A win for the Prime or General Contractor
A win for the Trades
Our secure Micro-Draw technology allows faster payments at the daily task level, lower financing & insurance costs, and helps attract the best construction trades.
Check out this great video
Your trades will crawl over broken glass to come work for you first! General Contractors realize real competitive advantage
With your ability to pay immediately after the completion of each construction task, five days a week, the trades will send their best crews
Using Smart Contract technology, automatic lien waivers are transmitted to lenders upon each payment
When Trades get paid fast, they show up on the job fast and complete their work as quickly as possible
Your trades not only get paid potentially 5 days a week, but have the funds wired directly into their checking account
Each construction task pay point can include detailed checklist approval with photo/video documentation
When Trades know when they are going to be paid, and how much they are going to be paid, they can provide better pricing and service
With enhanced communication between trades and general contractor, but also from trade to trade
With all participants to the construction project provided with free mobile application access using the latest in mobile app design, no one gets left out
Transparency and visibility back to lenders has been opaque at best, and typically non-existent. Blockchain enabled transactions changes that in a big way
Distributed Ledger Technology brings a "single source of the truth" to all participants of a construction project. No more burdensome reconciliation and disputes
Each checklist item will include GPS and time stamping that can include specific photo/video documentation
For example, a roofer can’t be paid prior to the decking being complete
The same also applies to checklist submittal and approval.
Secondary construction project participants can create risk that might be unknown to the lender and general contractor.
By having vendors that are primary construction project participates use the commitment tokens that have received during the bid award process, and then forwarding those commitment tokens on to these secondary construction project participates as a form of payment is efficient and effective.
This method of distributing these commitment tokens not only forms a guarantee of payment for these secondary construction project participates (as shown in the diagram below), but significantly de-risks the exposure to lenders and general contractors as well.
Any one of these "secondary project payees" can create a problem for you, even if you didn’t contract with them.
You might not know who these secondary project payees are.
Until you find out the hard way.
BuilderPay can serve these secondary payees with a level of control and governance that couldn't exist prior to our revolutionary technology.
Secondary payees such as the subcontractor’s manufacturers can have secured payment with direct deposit immediately upon equipment being delivered to Project Site. No need to wait for the subcontractor for payment.
Secondary payees such as the subcontractor’s suppliers (or multiple suppliers) or can have secured payment with direct deposit to their business checking account
Secondary payees such as a subcontractor's direct contract labor can also have secured payment with direct deposit to their personal checking account
Single page, minimal click design allows for super-fast updates.
Manage tasks, checklists, vendors and payments from the field
BuilderPay is a turnkey service that allows you manage your construction funds, using project task management, quality and safety checklists to facilitate immediate payments to subcontractors and suppliers in an entirely new and easy way.
Ant works on any phone, tablet, or computer.
If you are a lender, an investor, a general contractor, or a home owner funding a custom home project or a remodeling project, you can provide the benefit of paying your subcontractors quickly, while assuring the the funds are only used for the intended process and any lien rights are released automatically upon payment.