fbpx
Home / Industry / Construction / When contractors aren’t paid on time, costs add up (access required)

When contractors aren’t paid on time, costs add up (access required)

The cost of slow payments to subcontractors for wages and invoices adds an average of 5 percent to total project costs — totaling a staggering $64 billion annually nationwide — according to a recent survey by a construction finance software firm. Payments are made on average in 51 days, according to the survey of general contractors and subcontractors ...

Leave a Reply

Your email address will not be published.

x

Check Also

Zach Armstrong,30, of Brighton is a financial advisor with Sage Rutty & Co.

Great Recession catalyzes career path for Sage Rutty advisor (access required)

The cost of slow payments to subcontractors for wages and invoices adds an average of 5 percent to total project ...

Susan Sullivan

Delphi Rise appoints new CEO (access required)

The cost of slow payments to subcontractors for wages and invoices adds an average of 5 percent to total project ...