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.
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.
批准号:
87707
负责人:
金额:
$12.74万
依托单位:
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
项目状态:
已结题
起止时间:
2020 至 --
中文摘要
**ProjectPay的创新项目业主融资和承包商支付方法通过确保政府建筑刺激资金直接针对供应链上所有承包商完成的工程支付,帮助中小企业过渡到他们可以从收入中支付员工工资的情况。**ProjectPay解决了建筑和建筑业几十年来面临的两个迫切需要解决的最大问题,以确保政府建筑刺激、新的建设和翻新项目资金根据工程合同支付,并根据批准的发票立即发放,而不需要信用检查、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向员工和供应商支付完成项目的费用。ProjectPay的专有技术平台使用户能够使用级联账户,而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解决方案包括PBA(项目银行账户)中缺少的更复杂的元素,它提供了跟踪索赔和变化的工具,以确保一旦满足某些标准,持有的资金就会支付给合适的人,允许用户交换有关索赔的信息,以管理跟踪审批、持有资金以及根据特定触发因素(如纠纷)释放或扣留资金。同时使合同和分包合同标准化,并确保遵守英国支付法。通过部署技术来消除付款风险,我们能够提供‘现在购买,以后付款’,或者在这种情况下,‘现在建造或翻新,以后付款’的提议,它具有广泛的吸引力,提供快速、轻松的资金访问,以最大限度地扩大政府在该行业的刺激支出。**关于项目支付**:**我们为一个大问题创造了一个解决方案…**几十年来,政府和建筑和建筑业一直在寻求解决项目支付的巨大问题。根据英国国家统计局2018年的数据,建筑业共破产3202家。这是2018年所有行业中最高的,比2017年的2792起增加了14.7%“。数十亿英镑仍未支付给已经完成工作但从未获得报酬的小企业,因为建筑商的业务已经倒闭,没有向从事工作的贸易分包商付款。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,他们发现由于建筑商倒闭或经营不善,他们的项目资金消失了。项目支付平台是管理所有建筑项目付款(无论大小)的新方式。它安全、简单、可靠。ProjectPay平台使用专有的数字技术,确保小企业和贸易承包商能够迅速地从他们所做的工作中获得报酬--因为这是它应该得到的方式。
英文摘要
**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.
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