Slow payments cost construction industry US$64 billion in 2019: Rabbet

The construction industry in the US is suffering from 51 days sales outstanding, the longest of any industry in the country, according to a report by construction finance software platform Rabbet.

RIABU’s Simon Littlewood and Mark Laudi talk about the nature of payments in the construction industry and how subcontractors can manage relationships with their suppliers and remove obstacles so they can get paid on time.