DiPPA
The Gold Standard for Construction Payments.
What is it?
The world’s first Digital Parallel Payment Account. An automated, ring-fenced project account that pays the entire supply chain simultaneously.
Who is it for?
Project funders (Investors, Lenders, Developers, Public Sector Construction Clients)
Why do I need it?
The traditional payment process is slow, risky, and opaque. Insolvencies threaten projects every day. You need a solution that secures funds and automates compliance.
What are the benefits?
Risk protection
Funds are legally ring-fenced by our standardised Trust Deed. This significantly mitigates the impact of supply chain insolvency - if a company fails, the funds for the rest of the chain are safe. It also makes misuse of funds impossible, as money flows directly to the verified payee, not through a middleman.
Better compliance
DiPPAs help meet and demonstrate compliance with the requirements of the Procurement Act 2023 and Economic Crime & Corporate Transparency Act 2023.
Comply with the Construction Playbook (DiPPAs qualify as Project Bank Accounts or PBAs).
They also help you implement recommendations from "Constructing the Gold Standard" for public sector construction frameworks, including data sharing and risk mitigation.
Lower costs
Costs are lower because suppliers don't need to price credit risk into their bids. Performance bonds can be reduced or eliminated, and even materials costs can decrease. Furthermore, less time spent chasing payments and fighting claims means fewer programme delays and cost overruns.
More collaboration
It is in everyone's interest to resolve disputes quickly, or nobody gets paid. This shared motivation reduces delays. Certain, prompt payment guarantees minimise financial stress and foster genuine collaboration across the supply chain.
Measurable social value
Easily demonstrate that project funds are reaching SMEs and local businesses. DiPPAs provide granular data on supply chain locations, allowing you to calculate the Local Economic Multiplier effect. This transparency also demonstrates a commitment to reducing the mental health crisis caused by late payment stress.
Intelligent governance
Access a complete, biometrically verified audit trail of who authorized what, and when. Our "Intelligent Transparency" feature ensures companies know exactly what they are claiming and authorising, without revealing their profit margins to competitors or clients.
How does it work?
The project’s dedicated bank account is quickly opened with Griffin Bank, all via the Saible app.*
- Everyone involved uses the app to authorise and verify payment amounts.**
- The account is funded with the amount agreed for the period.
- Everyone gets paid, on time.
What does it cost?
A transaction fee of just 0.25% of the payment value. Paid by the Project Owner.
No cost to the supply chain, lenders or investors.
What next?
* Project monies remain with our UK-regulated banking partner throughout. Saible never holds client funds. Our platform digitises approvals and record-keeping, with bank-grade security, biometric authentication and a full audit trail.
** Your existing certification and drawdown process continues. Saible enhances the workflow without altering the contractual relationships.
We CAN do better
Saible has solutions for public and private sector projects across housing, regeneration, commercial development, civils, and infrastructure.
