This month’s Construction Payment Blueprint blog, and the fantastic eGuide that compliments it, is brought to you by ProgressPay, financing the future of construction.
Building trust along the construction supply chain is essential to solving many of the persistent problems plaguing the industry. In this latest blog, we outline 5 best practices to help generate trust, for the complete picture download our eGuide on this very important topic.
The majority of clients and head contractors say they can’t trust their subcontractors to any appreciable degree – 68% according to KPMG. Equally, subcontractors feel they can’t rely on their head contractors, citing a number of reasons from poor payment processes and contract complexity through to poor planning and communication.
ProgressPay leverages the financial strength of the head contractor to offer subcontractors the option to receive payment of their progress claim-based invoice within 2 business days of its approval in Payapps.