Generate or upload your own contract and insurance policies and formally agree your project between two or more parties. Link the contract to a safe payment process to ensure smooth process for any potential dispute.
Ensure each stage of your project is paid for safely protection clients and their chosen suppliers. No work undertaken with the need for deposits or advance payment creating unbalance risk for either party. All work carried out via protected arrears. 100% guaranteed payment in return for contractually delivered valued work.
All variations tracked, agreed and secured in the project wallet in advance to ensure no post work dispute.
Don't stop at protection the main/head contractor and client, but offer your supply chain the same level or protection linking them to the main contract and project wallet with an approved contract administrator.
Anyone embarking on a construction project will be taking on significant amounts of risk. Much of the construction industry is about risk mitigation and management and Pay Trade provides a revolutionary way to ensure all parties better manage payment risk.
Protect my payment
Safe payments start with robust and clear contract administration upfront and throughout a project. We help all users establish and agree a construction project contract ahead of establishing an agreed payment process for all parties to follow and ensure variations are managed and agreed as the project progresses.
Contracts
Deposits shouldn't exist in the construction industry. The provide an unbalanced risk in favour of suppliers. We don't allow deposits, but facilitate the establishment of a project wallet to ensure money is placed into a protected wallet ahead of work ensuring neither party holds favour of the other.
Client protection
Contractors take on significant financial risk in construction. Often far more than clients realise. Clients are also petrified of the many illiquid contractors. Legislation is slowly catching up to bad payers and bad practitioners and we are leading the way with providing a safe payment process for all contractors. Tired of late and bad payers or anxiety created from the uncertainty of payment, start your next project with Pay Trade at your side.
Contractor protection
Sub-contractors seem always last in line for payment, but so often take on the majority of labour and material risk for a construction project. Pay Trade now allows sub-contractors to share in the protection offered to clients and main contractors with direct links to the protected project wallet ensuring they are guaranteed payment in return for contractually completed work.
Sub-contractor protection
Our mission is to make construction trust administration and compliance for all parties to the construction industry simple. Speak to our team to get the most out of your integration. We can help you integrate your existing payment application and processes into the required project trust and retention trust accounts to remain compliant with the latest regulations and laws.
