Why should developers and lenders care about slow payments to their general contractors and subcontractors?
Rabbet's game-changing 2023 Construction Payments Report found that nearly 14% of total construction costs could be eliminated with faster, more reliable payments to contractors. In the current CRE environment, this is a significant make-or-break number for all players involved.
This year's report details the astonishing $273 billion impact on the industry for carrying forward the fees and costs of slow payments as well as the 'why' behind this industry-wide problem.
Learn how slow payments could be adding cost, time, and risk to your projects in this year's Construction Payments Report.
Download your free copy here