Slow payments are part of business as usual within the commercial construction industry. However, accepting the status quo has consequences for everyone involved. This industry-first report uncovers data, risks, and a $18 billion opportunity for lenders and borrowers.
- 88% of subcontractors surveyed wait longer than 30 days for payment and confirms findings in the 2015 PWC Working Capital Study
- 83% of subcontractors have filed liens against a project for slow payments
- 70% of respondents indicated that they would give a discount for payments made within 30 days