Construction Materials — Pay Philippine Suppliers Faster, Cheaper
Project timelines don't pause while your bank clears international payments.. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for construction materials businesses. 0.5% spreads. Same-day PHP settlement. Free container tracking.
Get a Quote for Your Next Philippine PaymentConstruction Materials margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £2,220 per £100k Payment
Typical savings for Construction Materials paying Philippines suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ InstaPay available
- ✓ 0.14s automated compliance
At £400k-£3M monthly volume, save £26,640/year
What Challenges Do Construction Materials Businesses Face Paying Philippines?
Industry Pain Points
- Project-based demand (lumpy)
- Heavy/bulky goods (freight intensive)
- Weather-dependent delivery
- Credit terms for contractors
Country-Specific Considerations
- Bangko Sentral ng Pilipinas FX regulations
- Bureau of Customs documentation
- VAT (12%) on imports
- BSP reporting requirements
How Do Construction Materials Businesses Typically Pay Philippine Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use InstaPay for instant PHP settlement. Philippines instant payment system for retail/SME
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Philippines regulations. Bangko Sentral ng Pilipinas FX regulations handled automatically.
How Construction Materials Businesses Typically Pay Philippine Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
Project milestone payments. Net 30-45 for materials suppliers. Payment on delivery for bulk materials (concrete, aggregates).
📄 Invoice Terms
Net 30-45 (established suppliers), COD for bulk deliveries. Project retentions (5%) held 6-12 months. Credit lines for large contractors.
Project-based and weather-dependent. Construction season (Mar-Oct in UK). Large projects: payments spread over months. Retentions delay final settlement.
📊 FX Risk Profile
MODERATE: EUR (European materials), CNY (fixtures/tiles), TRY (marble). Project budgets set in GBP, FX swings affect margins. Hedge at tender stage.
Mix of long-term (major suppliers) and project-specific (specialist materials). Builders merchants for convenience, direct-import for bulk savings.
Common Documentation for Construction Materials
- Delivery Note (site-specific)
- CE/UKCA Marking Certificate
- Declaration of Performance (DoP)
- Test Certificates (concrete/steel)
- Environmental Product Declaration (EPD)
Popular Philippines Supplier Types for Construction Materials
Common Philippines Suppliers
- Electronics assemblers (Cavite, Laguna)
- Garment factories (Metro Manila)
- BPO service providers (Makati, BGC)
- Food processors (Pampanga, Bulacan)
Payment Tips for Philippines
- Philippines = Electronics manufacturing, BPO hub
- InstaPay fastest for PHP payments under ₱50k
- Metro Manila + Cebu = Main business centers
- English widely spoken - easy communication
Frequently Asked Questions: Construction Materials Payments to Philippines
How do Construction Materials businesses pay suppliers in Philippines?
Construction Materials businesses can pay Philippines suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like InstaPay. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Philippines Construction Materials suppliers?
To pay Construction Materials suppliers in Philippines, you need the recipient's SWIFT + Account or Peso Account (SWIFT/BIC or local peso account details), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Construction Materials businesses save on Philippines payments?
Construction Materials businesses typically save 81% compared to traditional banks when paying Philippines suppliers. On a £100k transaction, that's £2,220 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.7% spread + £25 fees.
Is container tracking available for Construction Materials shipments from Philippines?
Yes, Unicorn Currencies offers FREE container tracking for Construction Materials shipments from Philippines. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Construction Materials businesses typically use with Philippines?
Construction Materials businesses typically convert GBP to PHP when paying Philippines suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Philippines Suppliers 81% Cheaper?
Join Construction Materials businesses saving £2,220 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB