Payment terms are getting longer across almost all industries, as buyers try to make the greatest use of their working capital, as most supplier firms can attest to.
That is undoubtedly the case in the construction industry, where the tendency toward extended payment terms by project owners presents particular difficulties for the subcontractors that carry out the projects’ labor.
However, a new generation of supply chain finance (SCF) solutions powered by technology is assisting the construction sector in solving this issue.
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