Constrafor reposted this
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
This is very common in the Aerospace industry. The Engine OEM’s want 75 to 150 days on their payables. Programs like this make both the vendors and OEM’s happy.
Founder @ Constrafor Construction Procurement w Embedded Financing | Stanford MBA | MIT Engineer
1moHot take: 🌶️🌶️ The biggest problem in construction of this generation is not safety, is not diversity, is not automation, is not climate impact… all of these are serious issues but the biggest problem is cash flow.