The Problem
Funding the nuances of the construction industry
An uncertain economic outlook means tough times for those operating in the construction industry. Contractors and Sub contractors often have to work under a variety of industry contracts and unconventional term and securing payment for work completed can be difficult. And sometimes downright complicated.
The Solution
At Bibby Financial Services we have actively been working with the construction sector for many years and advance upwards of £30 million every year to a variety of medium and large contractors.
Construction Finance is our flexible finance package that has been designed specifically for the construction sector, definitely not just another ‘off the shelf’ package.
Improve your cash flow
We can provide a supply of funding against the value of your invoices and uncertified applications for work completed under most forms of contract, providing both an immediate and ongoing supply of cash linked to your sales.
Protect your business for peace of mind
Specialist bad debt protection can be provided against both your existing invoices and applications for payment, so that you get paid, even if one of your customers become insolvent, crucial in today’s uncertain economic climate.
Spend less time chasing payment and more time chasing new business.
In addition to the cash that we provide, we can also save valuable management time. We provide access to a team of specialist credit controllers who are dedicated to managing and collecting your outstanding contract debts
Rest assured that your ongoing contracts and customer relationships won’t be affected as we operate this on a confidential basis.
We can also provide access to a team of dedicated professionals including quantity surveyors and recovery specialists who can manage contractual disputes. No other funder has access to a team of quantity surveyors with the ability to structure a deal like us.
Stay in control of your finances
To help you stay in control of your customer accounts we can also provide access to our fast, secure and easy to use online system which provides 24 hour access to your account information, enabling you to keep track of payments received and the amount of funding available to you.
