Constrafor’s Post

Join us in welcoming Alexandra Azarova to Constrafor!! We are excited to see all the wonderful things you will accomplish as part of our Business Development team! 🙌 🙌

Attention GCs: Your subcontractors are struggling, and it's time to step up. FACT: Over 80% of Trade Partners want Early Pay Programs. Why? Because cash flow is crushing their hopes of growth. Our latest blog post is all about Early Pay Programs (EPP) and how they're shaking up the construction world: 🔨 Subcontractors get paid within 24 hours after Pay App is approved 💰 Better cash flow = happier subs and smoother projects 🏆 Stand out from the crowd and attract the best Trade Partners Curious how Constrafor's EPP can work its magic for you? - Leverage collective bargaining for better rates - Zero impact on GCs to have subs paid within 24 hours - Receive SDI premium rebates Ready to be the hero your subs deserve? Dive into our blog post here: https://hubs.ly/Q02Pwc0_0 #ConstructionCashFlow #EarlyPay #GeneralContractors

Mornings are better at Constrafor! 🤤

Exciting news! Constrafor has been named to Will Reed’s Top 100 Class of 2024! 🎉 We're honored to be recognized among a select group of emerging B2B tech companies for building a strong workplace culture where innovation thrives and our team does exceptional work. This acknowledgment fuels our mission to transform construction finance. Read more at https://hubs.ly/Q02P7vSs0 Proud of our team and excited for what's ahead! #WillReedsTop100 #ConstructionTech #FinTech #StartupLife #JoinConstrafor #ConstructionIndustry #BuildingTheFuture #SupplyChainFinance #TechTalent #ConstructionManagement #InnovationInConstruction #CareersinTech

Are you considering Early Pay but turned off by factoring? Let's take a closer look at the biggest differences between traditional invoice factoring and Constrafor's approach with EPP: 🚩 Red Flags: Traditional Invoice Factoring vs 🟩 Green Flags: Constrafor's Early Pay Program 🚩 Profit-Killing Fees (8-12% of invoice value) 🟩 Margin-Friendly Costs (avg. 2% with EPP) 🚩 Aggressive Third-Party Collections 🟩 You Maintain Control of Client Relationships 🚩 Signals Financial Distress to GCs 🟩 Demonstrates Proactive Financial Management 🚩 Hidden Charges and Compounding Interest 🟩 Transparent, Predictable Pricing 🚩 Rigid Terms, One-Size-Fits-All Approach 🟩 Flexible Financing Tailored to Construction 🚩 Trapped in a Fee Cycle 🟩 Tool for Sustainable Growth 🚩 Generic Financial Services 🟩 Construction-Specific Growth Capital Partner Traditional invoice factoring isn’t just a ‘red flag’—it's a profit-killer. Read our latest article to learn more about the green flags with EPP and how you can fuel growth without the drawbacks of traditional factoring: https://hubs.ly/Q02NKjT_0 #ConstructionFinance #ConstructionIndustry #CashFlow #Subcontractors

In our recent webinar, "Level Up Construction Insurance Compliance & Review with AI", we explored how AI is revolutionizing risk management in construction. Watch the recording to learn about the evolution of AI, its operational impact on Certificate of Insurance (COI) review, and how it drives efficiency by reducing errors, saving time, and avoiding risk. Watch the Recording, On-Demand, Here: https://hubs.ly/Q02NG4Wg0 Featured Speakers Include: 🔸 Mary Bishop, Partner, The Baldwin Group Construction Practice (formerly Construction Risk Partners) The Baldwin Group 🔸 Brad Halliday, Risk Manager, M. B. Kahn Construction 🔸 Brian Connor, Director of Client Success, Constrafor #generalcontractor #construction #compliance #coimanagement #contech #constructiontechnology #riskmanagement

🚧 Sustainable Construction is Evolving! In our latest blog post, we dive deep into the EPA's upcoming Clean Label initiative, a major development for the construction industry. The initiative, backed by the Inflation Reduction Act, targets materials like asphalt, concrete, glass, and steel, and aims to reduce the environmental impact of building projects. Read the Article here: https://hubs.ly/Q02NFCkL0 Key Takeaways Include: 1️⃣ Focus on low-carbon materials like concrete, glass, & steel 2️⃣ Supported by Inflation Reduction Act funding 3️⃣ Establishes a central registry for sustainable materials 4️⃣ Reduces the environmental impact of construction 5️⃣ Opens doors for skill development & team specializations 6️⃣ Positions construction as a leader in climate change efforts How will this impact your projects? Share your thoughts below!