Construction Loan Risks
Credit Risk
The risk of default on loan obligations, credit agreements. This is a priced risk and affects Lenders, Borrowers, Builders and Vendors.
Non Performance
Risk
The Risk of not delivering to specification, non completion, non payment. NPR affects all project stakeholders and is complex to price for.
Delay Risk
Late completion of projects has an effect on the client, the bank, contractors, sub contractors and vendors who may all face increased overhead costs, finance costs, and payment delays.
Non Payment Risk
Builders are at the perennial risk of non payment or late payment and in turn this affect sub contractors and vendors. Risk may be priced or unpriced.
What is BOQ-PAY
BOQ-PAY is a smart contract payment framework that links the approved Tender with the Vendor and enables real time settlement between the Vendor and the Lender through a payment rail embedded in the mortgage loan.
The New Standard in Building Loan Management
Use BOQ-PAY to streamline your construction loan drawdown, reduce risk, increase productivity , maximise working capital and enhance delivery.
End to End workflow management and automation where it is needed most
Custom tools for each use case to manage the end to end workflow, automating compliance across the board and freeing up time, resources, reducing errors and automating mission critical processes according to the contract requirements.
BOQ-PAY for each user
BOQ-PAY provides tangible benefits to all the role players in the construction value chain by reducing friction, reducing risks, increasing efficiency and managing compliance. BOQ-Pay is a robust , scaleable protocol that delivers best in class security, User experience and real time reporting on all aspects of the construction loan process.
Builder
BOQ-Pay provides the Builder with ring-fenced working capital to deliver the project to specification and budget. Manage Tenders, Quotes, Orders, Approvals, Client Finishes, Draw downs and Payments. Access pricing from Vendors. Access templates and manage your compliance and workflows in one seamless application. Import and export data, link your existing software and increase your ability to deliver on time whilst liberating your Cashflow by allowing BOQ-PAY to facilitate payment directly from the Lender to the Vendor. Increase your margins and reduce your administration.
Client
BOQ-PAY enables the Client to manage tenders, apply for finance, manage approvals, browse and select finishes, manage payments, snags and view real time progress on their project.
Bank
BOQ-PAY provides a payment rail built on a rules engine that reduces the lenders risks, increases interim interest income, reduces loan administration workload, provides compliance management and streamlined account management including customizable workflows and approvals.
Vendor
BOQ-Pay provides Vendors with access to market. Guaranteed payment terms and streamlined workflows to manage quotes, orders and pipeline.
Actions
see the data that matters when it matters. Keep your compliance in check and maximise your working capital and efficiency.
Projects Status
View your project status in real time..
Cashflow
Liberate your working capital by allowing BOQ-Pay to enable your clients Lender to make direct payment to your vendors.
View your current cashflow based on Accounts payable, Account receivable and work in hand and develop cashflow scenarios based on your pipeline.
Orders
Manage your orders end to end, from Quote to tender to requisition, order approval, approval of Variations and order management. BOQ-PAY provides a seamless tool.
Custom Widgets
Customize your dashboard with templates and write any code, embed api's and collaborate with your team to maximise your efficiency.