Our secure Micro-Draw technology allows faster payments at the daily task level, lower financing & insurance costs, and helps attract the best construction trades.
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
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.
BuilderPay is a turnkey service that allows you manage your construction loan draws, quality checklists and payments to subcontractors and vendors in an entirely new and easy way.
It works on any phone, tablet, or computer.
Single page, minimal click design allows for super-fast updates.