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 for underrepresented groups, and reduce process risks.
Trade Finance Inflates Subcontractor Bids
Materials prices reflect expensive financing. Subcontractors of all sizes depend heavily upon suppliers for financing purchases.
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
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
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.
Use Point-to-Point Payments, which Bypasses Intermediaries and hence Avoids Delays, as a Way to Compete for the Best Subcontractors and Materials Suppliers
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.
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
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.