Lower Project Risks and Bonding Costs while Expanding Your Available Workforce
Chipi Makes it Possible.
Offer an Effective Solution for Local Hire and Local Procure Agreements
Reduce Construction Project Costs and Risks
Offer an Effective Solution for Local Hire and Local Procure Agreements
Reduce Construction Project Costs and Risks
Project Owners are Overpaying for Construction Materials
Subcontractor bids reflect expensive financing embedded in construction materials
Subcontractors have Limited Financing Options
Poor access to financing leads to cash flow problems. Subcontractors that are small or from underrepresented groups are subject to barriers that reflect both commercial realities and human bias
Owners Insert Their Financing to Replace Trade Credit
Eliminate financing duplication costs and financing barriers. Chipi enables owners to insert their capital into the construction materials purchasing process risk-free. This eliminates a layer of financing costs and creates financing access for targeted subcontractors.
Remove Barriers and Intercept Problems Day 1
Financial problems never start. Project risks born of contractors’ liquidity challenges are addressed at day 1
Increase Capacity
Subcontractors and Suppliers are Capital Constrained. Confidently award more work to subcontractors because their main capital constraint – purchasing materials with cash flow or supplier credit – is no longer a factor.
SBE suppliers have only so much access to capital to supply trade credit to your subs.
Community Workforce Agreements Solved
Easily overcome the hurdle of equitable financing access. Offer an effective and easily understood solution that will demonstrate your commitment to workforce diversity and inclusion agreements. Please communities, municipalities, and unions that encompass your project.
Fulfill local hire goals (SBE, Micro), BIPOC goals, Targeted Disadvantaged Worker goals, Minority-Owned Businesses and Woman-Owned Businesses goals, and VOBE, DBE, LGBTQ, and XBE goals.
Attract Customers
Workforce Agreement Solved. Asset owners need solutions as part of their community and municipal workforce agreements.
Offer a solution that is easy to understand and deploy, has high efficacy and direct impact, and delivers positive economic and social returns.
Eliminate Lien Workflows and Lien Risks from Suppliers
Eliminate legal risks. Chipi eliminates trade credit and hence the need for lien workflows or filings as it relates to suppliers
35% of Construction Firms file liens
During COVID’s initial outbreak, lien filings grew 40% demonstrating the sensitivity and vulnerability of construction finances
Expand Your Workforce
Discover Hidden SBE’s. Labor supply will reveal itself once financial barriers are removed
Making it easy for people to enter the industry and join your team is a market solution that will generate a market response
Fixing the labor shortage problem is within reach
Collaboration, a New Possibility
Remove a large communication barrier – payments. Collaborate openly without the background pressure to pay or get paid as soon as possible.
Collaboration is the #1 requirement for success.
API Integration
Request our API’s to integrate into your ERP, payment application, or draw control systems
Introduce an Innovation that will Differentiate your Company
Unlock your production capacity by removing capital limits and barriers.
Help Project Owners Benefit From Their Financing Scale