# of Employees:
Troy, NY USA
Fleet / Equipment Management
Time & Attendance
Environmental, Health & Safety (EHS)
Customer Relationship Management (CRM)
BuildPay's payment platform for construction connects the entire construction payment chain to their shared project ledger, increasing job transparency and enabling fast, direct payments to everyone on the project. When everyone can see their payment, confidence and trust is restored, risk is reduced, and the project accelerates.
The average accounts receivable in the industry is more than 66 days; with BuildPay it's 0. The technology leverages the buying power of the financial institutions making sure that materials are paid for as soon as they walk out the door and that subs are paid the same second that the GC's invoice is approved.
Impact on Construction
BuildPay's technology is flexible, adapting to the accounting products and project management tools we already use.
Good for Project Managers
Timely, accurate payments is the life-blood of keeping any project moving forward. With BuildPay, cashflow is maintained so production can continue.
Good for Superintendents
Page by BuildPay, LLC
The Final Word
by Blue Collar Labs
BuildPay provides a powerful tool in helping all project stakeholders know where their money is at all times. The construction industry as a whole often struggles with issuing payments for completed work, whether it's the stacks of required paperwork, breakdowns in communication and the endless cycle of approving/rejecting work activities, BuildPay looks to eliminate those issues. By "hardwiring" all project parties (owners, GCs, subs) to the same lending institution, teams can now operate with accounts-receivable fluidity.
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Straight-Forward | Easy-to-Understand | Unbiased | Blue Collar Labs