With Construction Finance, your subs can now keep suppliers paid while waiting on Owner payments, even on “Paid When Paid” contracts. Knowing that underlying materialmen and vendors are paid eliminates the risk of liens on your Owner’s projects. The question of “Why are my subs using Construction Finance?” quickly evolves to “Why don’t all of my subs use Construction Finance?”.
- Pay suppliers before they receive your payment
- Provide unconditional lien waivers as suppliers are paid
- Ensure rental companies remain paid
- Cash flow projects while banks, owners, architects, engineers and your firm approve payments
- Back office bookkeeping and job costing