- 01 Mar
Even Construction Companies That Don't Need Capital Would Benefit From Payments Against Applications For Payment
Another querky 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 forsee 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 no on offer providing funding against uncertified applications for payment.
Of those that 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.