Construction Payments as a Competitive Advantage
Tap into your advantages in capital and financing to solve common cash flow problems for your ecosystem. You’ll attract a scarce supply of talent, provide access to underrepresented groups, and reduce production risks.
![problem badge](https://chipi.works/wp-content/uploads/2021/09/problem-badge.png)
Inflated Subcontractor Bids Reflect High Cost Credit
Materials prices reflect expensive financing. Subcontractors of all sizes depend heavily upon suppliers for financing purchases.
![Construction Value Chain Financing Cost Differenctial Difference in financing cost as provided by materials suppliers to subcontractors in much higher than financing provided by project owners](https://chipi.works/wp-content/uploads/2021/09/Construction-Value-Chain-Financing-Cost-Differenctial.png)
![problem badge financing access for subcontractors is a problem](https://chipi.works/wp-content/uploads/2021/09/problem-badge.png)
Small and Minority Businesses are Underbanked
Workforce diversity has poor access to finance. Suppliers and subcontractors that are small or from underrepresented groups and underserved communities are subject to barriers that reflect both commercial realities and human bias
![Limited financing options for UBE's SBE MBE and DBE have limited access to trade credit and are unbanked](https://chipi.works/wp-content/uploads/2022/03/limited-financing-Options.png)
![solution badge solution is to enable owners to use their financing to replace supplier trade credit](https://chipi.works/wp-content/uploads/2021/09/solution-badge.png)
Close the Financing Gap and Reduce Risks and Attract Talent
Inject your inexpensive and completed funding. Chipi enables developers and other ecosystem members to insert their readily available funding into the construction materials purchasing process
![Chipi's Approvals & Payment Workflow The cash flow requirements are filled by upstream team members such as the GC, Lender, or developer with direct and real-time payments to the value-chain endpoint such as the frontline sub or materials supplier](https://chipi.works/wp-content/uploads/2022/06/Chipi-Workflow-Overview.png)
![impact badge impact of having owners of construction projects insert their financing during materials purchasing](https://chipi.works/wp-content/uploads/2021/09/impact-badge.png)
Business Solution delivers Economic and Social Impact
Intercepting payments for materials solves critical value chain problems, Day 1. Subcontractors and suppliers, particularly those from underserved groups, face continuous cash flow problems that are minimized when financing materials is no longer a challenge.
![Chipi's advantage in construction payment timing Chipi's solution is faster than factoring, reverse factoring, dynamic discounting, supply chain finance, invoice finance, PO financing, receivables finance, net 15 payment plans, and payment applications](https://chipi.works/wp-content/uploads/2021/11/Chipis-solution-is-faster-than-factoring-reverse-factoring-dynamic-discounting-supply-chain-finance-invoice-finance-PO-financing-receivables-finance-net-15-payment-plans-and-payment-applications-grey.png)
![BEAT THE COMPETITION FOR TALENT Use your payment workflow to BEAT THE COMPETITION FOR TALENT](https://chipi.works/wp-content/uploads/2022/03/BEAT-THE-COMPETITION-FOR-TALENT.png)
Use Point-to-Point Payments, which Bypasses Intermediaries and hence Avoids Delays, as a Way to Compete for the Best Subcontractors and Materials Suppliers
![Diversity leadership for the Construction Industry Leadership On Diversity, Equity and Inclusion](https://chipi.works/wp-content/uploads/2020/10/leadership.png)
![diversity Offer a solution that will address workforce agreements and please communities, municipalities, and unions](https://chipi.works/wp-content/uploads/2021/05/diversity.png)
Remove Hurdles to Workforce Diversity
Providing Your Funding to Make Real-time Payment for Materials and Even Payroll acts a Perfect and Cost-Effective Substitute to External Finance
Eliminate Lien Workflows and Risks
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 mechanics liens.
During COVID’s initial outbreak, lien filings grew 40% demonstrating the sensitivity and vulnerability of construction finances.
![Scales Eliminate mechanics liens and pre-lien workflows from rom suppliers](https://chipi.works/wp-content/uploads/2021/05/Scales-2.png)
![DICE Minimize risk on your construction project](https://chipi.works/wp-content/uploads/2021/04/DICE.png)
Minimize Project Risk
Money scarcity creates duress and chaos. Cash management techniques by subs that introduce project problems include risking delays in deliveries by ordering at the last moment and shifting workers to projects that will generate cash faster.
62% of subcontractors with low levels of capitalization introduce project delays.
Eliminate the cost of expensive financing embedded in your materials prices
Bank your own project and save money and lift communities.