- 01 Mar
Even Construction Companies That Do Not Need Capital Would Benefit From Payments Against Applications For Payment
Another quirky piece of information that arose from our recent #constructionfinance research survey of 100 construction sector businesses. 35% of the respondents said that they didn't foresee the need to raise any finance over the next 12 months. However, just over a third of those (34%) said that their business would benefit from getting payments against uncertified applications for payment! A slightly contradictory finding but one that supports the broad appeal of the construction finance products that are not on offer providing funding against uncertified applications for payment.
Of those who said they would benefit from funding against applications - two-thirds (67%) said that the reason they had never used construction finance against uncertified applications for payment was because they had never heard of it.
Even Construction Companies That Do Not Need Capital Would Benefit From Payments Against Applications For Payment
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