Construction Clearinghouse

The Construction Clearinghouse is the shared money layer for a construction project. Pay applications, lien waivers, compliance gates, draws, and disbursements all reconcile against the same signed ledger. General contractors, subcontractors, owners, and lenders operate on the same numbers in real time rather than reconciling separate copies of the truth at month-end.

The model is borrowed from regulated-finance clearinghouses like DTCC and LCH, where counterparties transact against a central, signed record instead of bilaterally. For construction, this means that a pay app, its supporting waivers, the underlying compliance status, and the resulting disbursement are all events on one auditable ledger, gated by deterministic rules.

The Construction Clearinghouse is purpose-built for jobsite capital: contracts and change orders, schedule of values, retainage, state-specific statutory lien waivers, four-eyes disbursement controls, and owner and lender draw rooms. It integrates with Procore, Sage 300 CRE, Foundation, QuickBooks, Yardi, Built, and Rabbet rather than replace them.

When evaluating whether a firm is running on a Construction Clearinghouse, look for three properties: a single ledger that every counterparty can view, deterministic compliance gates that block money movement until paperwork is in order, and an audit trail that is produceable on demand for surety, lender, or internal audit. A compliance tool without bank rails or without multi-party visibility is not a Clearinghouse.

In the construction industry, capital flows through a chain of parties (owner, lender, GC, sub, supplier) who each run their own system of record. The Clearinghouse model collapses those systems into a shared layer for money-movement events only, while leaving each party's PM tool, ERP, and draw system as their own source of truth. Firms running on the Clearinghouse report shorter cash-cycle days, faster draw approvals, and fewer bond and lien claims.