Solving the Payment Problem in the Construction Industry.
Ask any tradie what their biggest issue is on the jobsite, and no doubt chasing late payments will be somewhere near the very top of the list. In fact, *research shows that Australian construction workers are 70% more likely to take their own lives than employees in other industries, and financial issues is listed as a major factor influencing suicide. The construction industry is rife with late payments and even non-payment, impacting cash flow and the ability to complete jobs. Now, a Sunshine Coast tradie has launched a new service that’s taking on the $20b issue of payment security and it’s a real a game changer for tradies who struggle to get paid on time.
After experiencing late payments multiple times himself, Cameron Hodges decided to do something about it. With the launch of the payment service Upfront Pay, tradies will finally have peace of mind that they’re going to be paid quickly after finishing a job, and homeowners can be assured that they’re not going to lose a deposit to unscrupulous tradies.
Customers make the payment before work begins. This means contactors and even sub-contractors can confidently schedule and coordinate materials and labour. The service holds the funds in a secure third-party account until the job is finished, then once the homeowner is satisfied with a job well done, payment is immediately released to the tradie.
New payment service a ‘game changer’.
Upfront Pay is fully compliant with Australian regulatory standards and is like the QBCC’s ‘Project Trust Accounts.’ However, unlike the QBCC, Upfront Pay is accessible by anyone, for any size job, not just ‘million-dollar-plus’ projects. “This is going to keep countless small businesses from going bust due to payment issues,” Cameron said. Upfront Pay means you get paid safer, sooner. Visit UpfrontPay.com.au to find out more and set up an account.
If you or someone you know needs help, please contact Lifeline on 13 11 14 or visit lifeline.org.au
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Thanks!