Collaborative payments for construction projects
Saible's Digital Parallel Payment Accounts (DiPPAs) ring fence funds, reduce financial risks, and ensure prompt payments through the whole construction supply chain
The current payment process doesn't work.
Late and non-payment is rife, disputes are commonplace, margins are too low and cash flow is unreliable
£23 million
is wasted every working day in the UK due to poor payment practice in construction*
2
construction workers take their own lives every working day in the UK**
18
construction businesses go bust every working day in the UK***
Sources
*Data from ONS, Dept for Business Innovation and Skills, The Adjudication Society, Pinsent Masons, and Construction Enquirer
**Office for National Statistics
***UK Government Insolvency Service
