Most construction companies are struggling to get paid on time. According to a recent survey of construction company owners, 1 in 5 respondents say that cash flow is a problem they have to face at a constant basis. Only 13% reported that they do not experience any cash flow problem at all.
Cash flow problems not only affect your company’s liquidity, but it also hampers your growth and affects your future goals. Negative cash flow leads to operational issues, including late payments on company bills and delays in employee compensation.