Financial Automation on BuildWallet

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"technology to reduce human input & error for the planning, funding, managing, & paying for any Project."

 

 

Account Wallets – Lifetime use accounts for registered Team Members

 

Project Wallet – One-time use restricted account - used for designated Project ONLY

 

Prime Contract Setup & Negotiation – Owner & Contractor

• Active Visibility on both sides

• Active Submission/Acceptance on both sides

 

Status Bubbles – Transparent insight on Subcontract Status

 

Escrow Automation Rule – Owner must Fund Subcontract Escrow ahead of the Work

 

Over Spending Prevention - Contractor cannot issue Subcontract above amount in contract

 

Asynchronous Negotiation of Subcontract - ("Traffic Light" – accept, negotiate, reject)

 

Subcontractor Invoices

• Preset Invoice Milestones – set at time of subcontract issue

• Invoice Submission – digital & easy

 

"Approve to Pay" Transfers

• Instant release (12 seconds)

• Instant Update of Contract Accounting

 

Change Orders

• Mobile Submission - easy

• Paid Upon Approval

• Instant update of Project Contract

 

Contractor Paid at Completion of Phase – OH / Profit / Margin

 

Owner gets Wallet Balance - only after Project is 100% Complete - after Lender Approval