Tag: payment
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Ending Payment Delays in the Construction Industry
Every day, construction companies across the United States lose nearly $767 million due to payment delays and inefficiencies. This staggering drain on the industry totaled $280 billion in 2024 alone — enough to build 14 Empire State Buildings. For an industry already grappling with thin margins and rising costs, these payment delays aren’t just numbers on a…
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American Express is connecting contractors to Billd’s extended payment terms for materials purchases
The business world has undergone a rapid digital transformation in recent years and industries with complex, traditionally analog operational processes – like the construction industry – stand to benefit. Construction businesses have a lot to juggle, including unpredictable pay cycles, which can be exacerbated by complicated on-the-ground operations and incongruent payment terms. Manual payment processes…