IPEX is a specialized software platform designed to mitigate the risks associated with builder insolvency in the construction industry. By 'ring-fencing' progress payments, IPEX ensures that funds allocated to a specific project are exclusively used for that project, preventing their diversion to other developments. This approach safeguards developers, lenders, subcontractors, and suppliers from potential financial disruptions caused by unforeseen builder cashflow issues. Key Features and Functionality: - Fund Allocation Control: IPEX restricts the use of progress payments, allowing builders access only to payments for preliminaries, margin, and direct costs. The remaining funds are reserved exclusively for approved consultants, subcontractors, and suppliers. - Enhanced Transparency: Developers can verify who has been paid, when, and how much before approving further claims, without requiring builders to disclose sensitive information like subcontract values or margins. - Audit Trail Documentation: All transactions are meticulously recorded, providing a clear audit trail that becomes invaluable if a builder enters administration. - Compliance with Industry Standards: IPEX operates within existing builder obligations under standard agreements, offering tools to ensure adherence without altering established processes. Primary Value and Problem Solved: IPEX addresses the prevalent issue of builder insolvency, which poses significant financial risks to all stakeholders in a construction project. By ensuring that project funds are securely held and appropriately distributed, IPEX prevents the misuse of payments intended for a specific project. This not only protects developers and lenders from financial loss but also instills confidence among subcontractors and suppliers regarding timely and full payment. Ultimately, IPEX fosters a more transparent, accountable, and financially stable construction environment.