Business
Deconstructing Slow Payments in Construction
Subcontractors and general contractors include a combined average 5.3% overhead in project bids to finance slow payments. In 2019, this ultimately costs the construction industry an extra $64 billion. Here's how that can change.
By Will Mitchell
January 9, 2020
Topics
Business
by Will Mitchell
Will Mitchell is the co-founder and CEO of Rabbet, the only construction finance software that intelligently connects relevant information for frictionless transactions between real estate developers and lenders. Originally from Denver, Will has spent more than a decade in commercial real estate and completed his undergraduate studies in architecture and structural engineering from the University of Virginia. Learn more at www.rabbet.com, or connect with Will directly at www.linkedin.com/in/mitchellrw.
Related stories
Business
ABC’s Construction Backlog Indicator Increases, Contractors Remain Confident
By ABC
The ABC Construction Backlog Indicator is back on the rise, supporting contractors' unwavering confidence.
Business
2025 Small Business Outlook for the Construction Sector
By Ben Johnston
Small construction businesses have a further-reaching effect than it might seem. If you own, work at or work with a small construction company, pay attention to this year's outlook.
Business
Pressing Questions: Construction Leaders Address The Decade's Top Concerns
By David McMillin
Some of the brightest minds in the industry discuss their hopes and fears for the year ahead—and beyond.