why? every large construction company does reverse factoring. when the client pays cpb, cpb pays the subcontractor via the bank. they all do it, they all take surcharge so they end up of allowing for this in the tender price. And even though it will be NSW law to pay within 20days, most subbies accept the 65day delay particularly, repeat subcontractors. And the irony of this whole thing is the client is usually the government anyway. cpb having to chase them for progress payments constantly.
Add to My Watchlist
What is My Watchlist?