Built, an AI-powered platform for real estate finance, launched Built Payments with Lien Waivers, the first no-cost digital payments and lien waiver workflow for the construction industry. The solution is designed for everyone from general contractors and subcontractors to owners and developers. It allows businesses to send secure digital payments at no cost while automatically managing lien waivers in the same workflow whenever projects require them.
“This is a line in the sand. We’re designing low to no-cost solutions to help people pay and get paid faster and easier. With Built, making digital payments is free and lien waiver management comes built in. It is faster, it is simpler, and once you experience it there is no going back,” said Chase Gilbert, co-founder and CEO of Built. “Unlike the costly and often complex systems that have slowed this industry down, Built delivers a lightweight solution designed so that any builder, from the largest GC to the smallest subcontractor, can get up and running the same day. This is more than a new tool. It is a new standard for how money should move in construction.”
Construction finance has been weighed down by paper checks that take days to clear, lien waivers that arrive late or incomplete, and reconciliations that consume hours at month-end. These delays stall projects, frustrate vendors and owners, and leave back-office teams carrying the burden of extra work just to keep payments moving.
For the first time, any construction business can pay payables for free with digital payments and, if required, attach lien waivers in one simple workflow. Built processs payments and automatically generates lien waivers tied to each disbursement, ensuring compliance without extra steps. Payment recipients can optionally elect even faster access to their money for a small fee.
Finance teams gain real-time visibility into cash flow and project status without relying on duplicate systems, manual tracking, or hidden fees. At the same time, subcontractors receive payment for free when they expect it, general contractors reduce overhead and avoid delays, and owners and developers gain confidence knowing every downstream vendor is being paid to keep their project moving forward.
Any firm can send unlimited digital payments through Built at no cost, with lien waiver management automatically included for free. Payment recipients never pay to access the system or receive digital payments but can optionally choose to receive funds even faster for a small fee. Businesses that want lien waiver management on its own, without committing to digital payments, can subscribe for a flat $1,000 per month, which includes unlimited waivers, templates, projects and users.
Built Payments with Lien Waivers integrates with Procore Financials and is compatible with the vast majority of construction and accounting platforms.
