PROJECT BANK ACCOUNT MANAGEMENT
INSTANT COMPLIANT CONSTRUCTION PAYMENTS
01 / INDEPENDENT
We provide 3rd party independent management of Project Bank 'Trust' Accounts. Engage Fair and Square as your PBA agent and we'll manage all your payment transactions, reporting and communication processes. We give your payment processing credibility, transparency, and impartiality so your clients have peace of mind.
02 / SECURE
Our Fair and Square platform guarantees that all your company details, banking, and financial information are safe and secure. We value confidentiality and never pass your cost intellectual property to any third parties. We provide Confidentiality forms to all our clients.
03 / COMPLIANT
Compliance with the Building Industry Fairness (Security of Payments) Act 2017 requires management to ensure all legislative requirements are adhered to. Our Fair and Square Playbook ensures your project is compliant and you avoid high penalties and possible imprisonment.
MEET FAIR AND SQUARE
The construction industry in Australia faces its greatest challenge moving forward. With thinning profit margins and a competitive market, to remain sustainable construction companies need to embrace technology. The chance to positively disrupt the construction industry is what gets us out of bed in the morning. But it's making a positive impact on construction culture that gets us through the day.
At Fair and Square, we help contractors meet their obligations to pay everyone in their contractual chain on time, every time, fair and square. We see our role in the design and construction process as working in the best interest of all parties involved. Transparency is the new construction culture and it is a philosophy we value and forms the basis of everything we do.
Fair and Square are currently developing an online platform to manage the Project Bank Account process digitally. We will be investigating the use of Blockchain technology to link and secure blocks of information such as bank account transactions. By design Blockchains are secure, they are resistant to modification and provide a verifiable record of transactions between two parties.