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
Construction Futures: August 2025 Economic Roundup
By Construction Executive
Spending, hiring and overall momentum are down across the construction industry for August 2025.
Business
Building Supply Distributors: Taking Control of Jobsite Delivery in Uncertain Times
By Cyndi Brandt
The cost of materials is up. Along with that increase comes increased complications with delivering those materials to the jobsite.
Business
Is AI Still Missing From Your Construction Company's Toolbox?
By Mike Caralis
Research shows AI is getting smarter everyday, yet some construction companies are still hesitant to adopt it.