Progress Claim Finance

Summary: One of the challenges of working as a roofing contractor is that most clients pay you 30 to 60 days after you raise an invoice or progress claim. End employers and principal contractors often demand net-30 payment terms as a condition of working with them. However, this demand affects your cash flow and could […]

Summary: Getting paid is always a challenge in the construction industry, especially for subcontractors. Most construction subcontractors work with principal contractors and end employers under a contractual arrangement that uses progress claims. The subcontractor raises an invoice once a stage of the project is completed and then waits 30 to 60 days to get paid. […]