Problems

What will AGI do for Fund Progress Payment Gaps?

Subcontractors and specialty trades in commercial construction face chronic liquidity crises due to the structural lag in progress payments. When an invoice is submitted for a completed phase of work, it enters a 60- to 90-day holding pattern waiting for upstream approvals. General contractors hold these funds until project owners and lenders authorize the next draw, forcing the subcontractor to float payroll and materials for the next phase of the project out of pocket.