Digitalisation of construction payment process to protect project funds and guarantee fast payments for everyone in the supply chain. Pilot program with UK builder supported.

建设付款流程数字化，保护项目资金并保证供应链中每个人的快速付款。

• 批准号: 87707
• 金额: $ 12.74万
• 依托单位: PROJECTPAY LTD
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2020
• 资助国家: 英国
• 起止时间: 2020 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=87707
• 关键词: Digitalisation; construction; payment; process; protect

**ProjectPay's innovative project owner funding and contractor payment approach helps SME businesses transition back into a situation where they can pay for their employee's wages out of their income by ensuring government building stimulus funds are directly paid against works completed by all contractors in the supply chain.**ProjectPay addresses two of the biggest problems the building and construction industry has faced for decades that urgently need to be solved to ensure that government construction stimulus, new build and renovation project funds are paid against contracts for works and released immediately against approved invoices without the need for credit checks, directors guarantees or any interest charges. Protecting users from contractor insolvencies and ensuring businesses have the cash flow to pay employees and suppliers to complete projects.ProjectPay's proprietary technology platform enables the use of cascading accounts without any additional administration or compliance burden to ensure funds are protected against business insolvency. The ProjectPay solution includes the more sophisticated elements missing from PBAs (Project Bank Accounts) by providing the tools for tracking claims and variations to ensure that funds held get paid to the right people once certain criteria are met, allowing users to exchange information about claims to manage tracking approvals, holding funds and releasing or withholding them based on particular triggers (e.g. a dispute). Whilst standardising contracts and subcontracts and ensuring compliance to UK payment laws. By deploying technology to remove the payment risk we are able to offer a 'buy now, pay later' or in this case a 'build or renovate now, pay later' offer which has wide appeal to provide quick, easy access to funds to maximise government stimulus spending in the sector.**About ProjectPay**:**We created a solution for a BIG problem...**For decades, the Government and the building and construction industry has been looking to solve the HUGE problem of project payments.According to the Office for National Statistics in 2018 "the construction sector made up 3,202 insolvencies, which is the highest of any sector in 2018 and a 14.7% increase on the 2,792 insolvencies seen in 2017". Billions of pounds remains unpaid to small businesses that have done work and never been paid because the builder's business has collapsed without paying their trade subcontractors who did the work. Sadly, as we see all too often in the media, it's project owners who are left high and dry. Overnight they find their project funds have disappeared due to either builder collapse or shonky business practises.ProjectPay Platform is the new way to manage all building project payments (big or small).It's safe, simple and secure. ProjectPay Platform uses proprietary digital technologies that guarantees small businesses and trade contractors are paid, fast, for the work they've done -- because that's the way it should be.

**ProjectPay的创新项目业主资金和承包商付款方法帮助中小企业企业过渡回到他们可以通过确保政府建设刺激资金直接支付给供应链中所有承包商完成的工程来支付员工工资的情况。** ProjectPay解决了建筑和建筑行业几十年来面临的两个最大的问题，这些问题迫切需要解决，以确保政府建设刺激计划，新建和改造项目资金根据工程合同支付，并根据批准的发票立即释放，而无需信用检查，董事担保或任何利息费用。保护用户免受承包商破产的影响，并确保企业有足够的现金流支付员工和供应商完成项目。ProjectPay的专有技术平台支持使用级联账户，无需任何额外的管理或合规负担，以确保资金免受企业破产的影响。ProjectPay解决方案包含了PBA（项目银行账户）中缺少的更复杂的元素，提供了跟踪索赔和变更的工具，以确保一旦满足某些标准，持有的资金就能支付给正确的人，允许用户交换有关索赔的信息，以管理跟踪批准，持有资金以及基于特定触发因素（例如争议）释放或扣留资金。同时规范合同和分包合同，确保遵守英国支付法。通过部署技术来消除支付风险，我们能够提供“现在购买，以后支付”，或者在这种情况下，“现在建造或翻新，以后支付”的优惠，这具有广泛的吸引力，可以快速，轻松地获得资金，以最大限度地提高政府在该行业的刺激支出。关于ProjectPay**：** 我们为一个大问题创建了一个解决方案... **几十年来，政府和建筑业一直在寻求解决项目付款的巨大问题。根据国家统计局2018年的数据，“建筑业有3，202起破产，这是2018年所有行业中最高的，比2017年的2，792起破产增加了14.7%”。数十亿英镑仍然没有支付给那些已经完成工作但从未得到报酬的小企业，因为建筑商的业务已经崩溃，没有支付给他们的贸易分包商。可悲的是，正如我们在媒体上经常看到的那样，项目所有者处于孤立无援的境地。一夜之间，他们发现他们的项目资金已经消失，由于要么建筑商倒闭或shonky业务破产。ProjectPay平台是管理所有建筑项目付款（大或小）的新方式。它安全，简单，安全。ProjectPay平台使用专有的数字技术，保证小企业和贸易承包商快速获得他们所做工作的报酬-因为这是应该的方式。