The Construction Clearinghouse
Your next draw is sitting in a stack of 230 PDFs. Your lender will approve it in 14 days.
You will burn $48,000 in interest before they do. We built the Construction Clearinghouse that cuts that to 2 days. The Builder tier pays for itself out of the working capital we free up for you, or it stays free.
Status
Live
Pay apps
Wired
Days to cash
Cohort
- PA-048Stratum Mechanical
Pay app #7 · retainage held
$842,310approved - LW-201Northline Electric
Conditional waiver · thru 03/31
$318,500pending - DR-014Owner draw · 08
Lender review · Built
$4,218,000live - PA-052Ironbridge Steel
Pay app #4 · COI current
$196,420approved
Live on the Clearinghouse
Platform
Live
Multi-tenant in production
Design partners
Private cohort
Onboarding now
First public benchmarks
Q3 2026
After draw three
Builders Ledger Alliance
Open
By application
The problem
Construction still runs on broken money plumbing. You pay the bill.
Fragmented money flows
Pay apps live in PMIS, approvals live in email, lien waivers live in shared drives, and the disbursement lives in an ACH file no one can reconcile. The project cash path is guess-and-check, and every guess is another day of interest you pay on your own money.
Paperwork-managed risk
Insurance, waivers, and prequal sit in tabs. By the time a gap surfaces, the sub has already been paid and the GC has already signed the draw package. Risk is a lagging indicator, and the bill lands on the CFO who trusted the binder.
Blind capital
Owners and lenders fund draws against PDF summaries they cannot audit in real time. Everyone trusts the number; no one trusts the chain of evidence underneath it. When the default arrives, it surprises the credit committee, not the file.
Architecture
One horizontal rail under every project.
Capital, compliance, and approvals share the same ledger. Every party sees the same truth. Nothing moves without signed evidence.
Above the rail
Owners and lenders commit and release capital against signed, reconciled project evidence.
On the rail
The Clearinghouse is the shared ledger. Every pay app, waiver, gate, and disbursement lives in one record.
Below the rail
GCs, subs, and tier-2 suppliers submit, sign, and get paid without re-keying a single form.
Platform
Five systems, one ledger.
Every pillar shares a single source of truth, wired into disbursement and recon on day one.
Project ledger
One signed record of every contract, commitment, and movement on a job, reconciled across every party in real time.
Learn more02Compliance gates
Deterministic checks (insurance, waivers, prequal, prevailing wage) wired into the payment path. No gate, no flow.
Learn more03Pay apps and waivers
AIA G702/G703 intake, validation, and waiver collection linked sub-by-sub to the draw that releases them.
Learn more04Draws and disbursement
Packaged draw submissions to lenders, disbursement rails through Plaid and Modern Treasury, full provenance end to end.
Learn more05Portfolio intelligence
Cross-project cash cycle, exposure, and compliance analytics for the GC CFO, the owner, and the lender desk.
Learn moreWho it is for
Built for every party on the money chain.
General contractors
Run the full Clearinghouse (from sub onboarding to final lien release) without five systems and a spreadsheet.
See howSubcontractors
Submit once. Get paid faster. Your compliance record travels with you to the next job automatically.
See howOwners and developers
Real-time visibility into where your capital is, what it is secured against, and how fast it is moving.
See howLenders
Draw packages with every underlying waiver, invoice, and compliance check already reconciled.
See howIntegrations
Wired into the systems your teams already run.
- Procore
- Sage 300 CRE
- Foundation
- Yardi
- QuickBooks
- Built
- Rabbet
- Plaid
- Modern Treasury
- DocuSign
Pre-launch and honest about it
We chose to ship the platform before we shipped the marketing photos.
No fabricated logo wall. No invented case-study numbers. The design-partner cohort is private until they close their first public draw on the Clearinghouse. The public roster, the real volume numbers, and the case studies all publish in the same quarter the first cohort goes live.
SOC 2 Type II
In audit
Founder
Javier Sanz Alvarez. Built and scaled regulated financial infrastructure as the CEO of a European digital brokerage. Took the firm from zero to 5 million users and through a tier-one US investment-bank acquisition.
Read the founder noteCohort
We onboard four GCs per month under the Self-Funding Guarantee Program. Application required. Roughly six in ten applicants are turned down because the fit is wrong, and we say so.
See the programManifesto
Construction capital is broken. We rebuilt the rail. Eight hundred words on why the jobsite cash path needs the same regulated-infrastructure treatment that securities markets already have.
Read the manifestoA note from the founder
“Before software, this looked like a securities-clearing problem to me. Money does not move on a job until the paper, the people, and the obligations all reconcile. We built the rail that handles the reconcile so the money can move on the day the work is in place, not three weeks after.”
Javier Sanz Alvarez
Founder, Subcontractor Audit · Read the manifesto at /manifesto
Case studies: how we publish them
We publish a case study only after the third public draw clears the rail.
Most B2B SaaS sites lead with invented metrics. We do not. A Clearinghouse case study is a forensic teardown of one project, line by line, baseline cash-cycle measured on day one and re-measured after draw three. The first public case study lands the same week our first design partner crosses the Self-Funding Guarantee threshold.
If you want to be in that first cohort, the application is eight questions and four GCs are accepted per month.
Apply for the cohortWhat gets measured
Cash-cycle
Invoice to settled funds, trailing four draws
Target
Subscription cost
In working capital freed by month 12
Or
Stays free
Until we cross the threshold
Frequently asked
Questions CFOs ask before they apply.
What is the Construction Clearinghouse?
It is the shared money rail that every party on a project transacts through. Owners, GCs, subs, and lenders all work against one ledger of contracts, pay apps, waivers, compliance gates, and disbursements. Not a PMIS, not an ERP, not a payment tool. The rail underneath all of them.
How does money actually move through the Clearinghouse?
Subcontractor Audit sits as a ledger layer on top of your existing disbursement rails. Pay apps, waivers, and compliance checks reconcile against contracts and draws. Actual ACH movement runs through Plaid and Modern Treasury, with full provenance recorded on every transaction.
What is the Self-Funding Guarantee?
On the Builder tier, you only pay the subscription after we have freed at least its full cost in working capital for you. We measure days saved on cash-cycle, multiply by your stated working capital and LOC carry rate, and add it up monthly. If we have not freed at least the subscription amount by month 12, the platform stays free until we do. Your downside is bounded at zero. Full terms at /guarantee/terms.
Is this self-serve or a managed service?
Associate tier is self-serve. Builder, Portfolio, Clearinghouse Seat, and CFO Chair are application-based. We onboard four GCs per month into the Builder program. If you are not a fit we say so and point you to the Associate tier.
Which systems do you integrate with on day one?
Procore, Sage 300 CRE, Foundation, Yardi, QuickBooks, Built, Rabbet, Plaid, Modern Treasury, and DocuSign at launch, with a documented connector SDK for internal ERPs. Integrations are bi-directional and reconciled, not one-way syncs.
How is security and data handled?
SOC 2 Type II in audit, AES-256 at rest, TLS 1.3 in transit, scoped per-tenant data isolation, and optional customer-managed keys. Money-movement actions require signed intent. Every read and write is audit-logged and exportable.
Apply to the Clearinghouse
Four Builder seats open each month. The rest wait.
Apply for a 60-minute working session with our ops team. We run the Clearinghouse against your live project data. The Builder tier pays for itself out of the working capital we free up for you, or it stays free.