London-based construction payments platform, ProjectPay, has teamed up with Komodo Digital to build a carbon emissions calculator for the construction sector.
The calculator will break down Scope 3 embodied carbon emissions across the supply chain to give contractors a better understanding of their environmental impact and how to reduce it.
The project will design and build a Minimum Viable Product (MVP) for ProjectPay’s carbon emissions calculator.
Its development will add to the functionality of the existing ProjectPay construction sector payments platform, which uses Lloyds project accounts to protect payments from contractor collapse.
KOMODO are also improving the overall user experience and user interface of the core platform, and as ProjectPay’s roadmap continues to evolve, KOMODO will increase the level of digital design and development support they provide in partnership.
Chris Jones, Client Services Manager at KOMODO Digital, said: “Project Pay are a company that is transforming the construction industry for the better, to eradicate late payments and provide small business and trade subcontractors with payment certainty.
“ProjectPay’s vision and determination to bring their new product to market whilst simultaneously increasing the user experience of their existing platform was infectious.
“Match all of this with an ambitious, down to earth team and we knew this was something we wanted to get involved with, to help make it a success.”
Louise Stewart, CEO of ProjectPay, said: “KOMODO are helping us to enhance our payment offering with digital functionality at the forefront of innovation and technology.
“The close co-operation we have enjoyed with the team has been vital to the ConstructZero project.”
Following the success of the project, ProjectPay and KOMODO have agreed to continue working together further on the wider platform.
This will focus primarily on Product Design to ensure the user experience of the platform is optimised, but also provide technical support where necessary.
ProjectPay last month announced a partnership with Lloyds to ensure the platform is ready for UK Housing Association users, whilst delivering the UK government’s objective of implementing ethical payment practices in supply chain payments with the use of the ProjectPay platform.
The carbon emissions calculator functionality will go live on the ProjectPay platform in early August.
Image credit: Dragana Gordic/Shutterstock
Read next: Vattenfall secures funding for ‘world’s first’ hydrogen-producing wind turbine
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.
