Overcoming Payment Delays: How Contractors Can Take Control of Their Cash
Payment delays are a common challenge for subcontractors in the construction industry, often leading to cash flow issues that can hinder business...
Alexis Vail
:
Apr 24, 2023 10:04:53 AM
In the construction industry, managing cash flow and payment terms with trade partners is a critical aspect of ensuring smooth project execution and maintaining strong relationships. This assessment is designed to help you assess the impact of long payment terms on your construction business and evaluate whether adopting an Early Pay Program (EPP) could be a game-changer for you and your trade partners.
By answering these questions, you'll gain insights into your company's payment practices and identify potential areas for improvement. Let's dive in and discover if accelerating payment terms through an EPP like Constrafor's can make a difference in your construction business.
Payment delays are a common challenge for subcontractors in the construction industry, often leading to cash flow issues that can hinder business...
Strong relationships between General Contractors and trade partners can help create a mutually beneficial and productive partnership, ensuring the...
The construction industry is no stranger to financial challenges. For trade contractors, managing cash flow while juggling payment delays and...