BuildSafe
BuildSafe is one of the safest ways for a project to run effectively, efficiently and more importantly, financially on-time.
How does it work?
We help reduce the risk of ongoing payment disputes between the *Consumer* and *Contractor* by acting as a trusted third-party that collects, holds and only disburses funds when both *Consumer* and *Contractor* are satisfied with each stage being completed as set out in the relevant contract.
The *Consumer* and *Contractor* agree to terms.
The *Consumer* begins a transaction which all parties agree have previously agreed with terms on.
The *Consumer* submits a payment by approved payment method to our partner FCA approved account who then verifies the payment.
The *Consumer* is then notified that funds have been secured.
Throughout each step of the build, payments are made at various intervals upon signed off completion of each specific section as set out in the contract.
Benefits of Our Services
Consumers
We provide a legal safety net from building contractors not completing parts of the build that have already been paid for, and take care of the funds flow and administrative needs so that you can relax knowing its all going to plan.
Contractors
We take the uncertainty away from availability of project funds, and manage paperwork needs – so that you can focus on what you do the best – building quality construction profitably.
Our FCA regulated partner services are also backed by our experienced and knowledgeable industry knowledge.
Our friendly team of professionals are available to assist you personally with any need that may arise.
We offer live phone support Monday through Friday, from
9:00 am to 5.30 pm In addition, we offer email support 24 hours a day, 7 days a week.
Whether your project is residential or commercial, BuildSafe can hold project funds and issue staged payments to contractors and subcontractors.
BuildSafe assures that the project is securely funded and that the funds are held safely until the set out completion of each stage. Payments to contractors or subcontractors may be issued upon benchmarks (draw basis) or in full (project basis).
BuildSafe raises the level of trust and security for everyone involved in a construction project. Owners can be assured that payments will be held securely and properly disbursed, and contractors can be assured that their projects are funded and that they will be paid in a timely manner.
The BuildSafe agreement is designed to supplement your construction contract for the utmost in security with funds held by our FCA approved partner.
Prevention of delayed work schedule
Step by step transnational process
Transparency for both consumer and builder
Easy to use platform
Reasons to use BuildSafe
BuildSafe are here to oversee business transactions to avoid risks and protect both the *Customer* and *Contractors*’ best interests. You can enjoy a successful and trouble-free building experience when you work with our trust and experienced team.
Home extensions and renovations are a serious matter. Whether you are a *Customer* or *Contractor*, you should always ensure your personal interests. Our team will act as a third party to facilitate transactions between either party so the work can guarantee to be paid on time, every time.
As your trusted agent, BuildSafe will act as a mediator between *Customer* or *Contractor*. We’ll help with necessary documents and time frames to release payments. This avoids confusion and misunderstanding, making the transaction successful and convenient for both parties.
– Use our proven, standardised agreements to simplify the documentation process, reduce negotiation times and minimise legal costs.
– Rely on our experienced specialists to provide full support for your major financial transactions.
– Mitigating risk and acting as a trusted third party in large transactions.
– Litigation: Hold funds in a secure FCA approved account awaiting the outcome of a court judgement, ensuring the safeguarding of monies during the appeals process.
– Ensuring projects are run effectively, efficiently and more importantly, financially on-time.