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Construction subcontractor invoice finance
Understand specialist funding considerations for construction payment arrangements.
Where invoice finance may help
Construction subcontractors can face a gap between paying labour and suppliers and receiving payment from a contractor. Funding may be available, but construction contracts often require specialist assessment.
What affects invoice eligibility?
An application for payment is not necessarily the same as an approved, undisputed invoice. Ask what evidence of certification, valuation or approval the provider requires before treating a balance as eligible.
Retentions, contractual deductions and disputes can affect the amount and timing of payment. Explain these features at the outset rather than treating every outstanding amount as immediately fundable.
Prepare for a funding discussion
Take sample contracts, payment applications, approvals and a debtor report to the discussion. Ask specifically how disputed work, deductions and final-account negotiations are treated. A standard invoice finance facility will not suit every construction business.
Outline your turnover, payment terms, customer mix and the value of outstanding invoices. A provider may ask for accounts, an aged debtor report and supporting records. Availability and terms depend on its assessment.
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Explore your invoice finance options
Tell us about your business, your invoices and what you want funding to achieve.