The QBCC Trust Account pause: How Upfront Pay is filling the gap.
The Queensland Building and Construction Commission (QBCC) has paused the rollout of Project Trust Accounts for private projects under $10 million.
This decision aims to reduce the administrative burden on smaller contractors, but it raises a major concern, how do construction businesses protect their payments now? With delayed payments being a common issue in the construction industry, subcontractors and contractors are at risk of not getting paid on time. That’s where Upfront Pay steps in as a reliable alternative.
What does the QBCC Trust Account pause mean for Contractors?
The Project Trust Account framework was introduced to safeguard payments and ensure money flows correctly through the industry. With the rollout now on hold, contractors, subcontractors, and tradies working on projects under $10 million are left looking for secure payment solutions.
The problem: Payment uncertainty in construction
- Cash flow issues: Contractors often finish jobs only to chase unpaid invoices for weeks or months.
- Risk of non-payment: Without a trust account or payment security, subcontractors could lose money if clients fail to pay.
- Financial stress: Late or missing payments can disrupt business operations and impact workers.
This is why securing payments before starting work has never been more critical.
How Upfront Pay is securing payments for Contractors?
Upfront Pay is a modern payment solution designed to ensure that service providers get paid on time while giving clients peace of mind. Unlike traditional trust accounts, which come with rare regulations and admin headaches, Upfront Pay is fast, flexible, and ready to use today.
- Funds are secured until the job is done: When a client accepts a job quote, they pay upfront, and the funds are secured until the work is completed and approved. This eliminates the risk of non-payment for contractors.
- No more unpaid invoices or payment disputes: With Upfront Pay, contractors never have to chase payments or worry about customers disappearing after the work is done. Everything is agreed upon and locked in before the job starts.
- Full transparency for contractors & clients: Both parties can track payments in real-time, making it easy to know exactly where the funds are at all times.
- Immediate access to a secure payment system: Unlike other type of trust accounts that require complex setups and long approval processes, Upfront Pay is available right now. Sign up and start securing your payments today. It’s fast, easy, and designed for Australian contractors.
Why construction businesses shouldn’t wait for Government solutions?
With the QBCC Project Trust Accounts pause, smaller projects under $10 million have no immediate protection against payment delays or scams. Instead of waiting for policy updates, contractors can take control by using Upfront Pay’s secure payment system to guarantee they get paid. Because in construction, getting paid on time isn’t a luxury, it’s a necessity.
Join Upfront Pay today. Download now:
Apple App Store:
https://apps.apple.com/au/app/upfront-pay/id6450375277
Google Play Store:
https://play.google.com/store/apps/details
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