Financing the future of construction
The construction industry has the highest rate of insolvency of any industry in Australia, with cash flow problems and working capital identified as leading causes. Many Subcontractors now see putting their house on the line as the only way to access capital to grow their business.
Giving headcontractors the ability to empower their subcontractors by providing them access to a product that helps improve their cash flows and strengthens and grows their businesses.
ProgressPay leverages the financial strength of the head contractor to offer subcontractors the option to receive payment of their progress claim-based invoice within 2 business days of its approval in Progressclaim.com. And the head contractor can earn revenue from participating!