Most construction companies cannot afford to wait until the completion of the contract to collect their billings.

Question

Quizplus · Accepted Answer

Most construction companies require regular progress payments during the course of the project in order to cover their expenses, pay their subcontractors and suppliers, and keep their cash flow positive. Waiting until the end of the contract to collect their billings can create significant financial challenges and risks.

Most Construction Companies Cannot Afford to Wait Until the Completion