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Breaking the Capital Barrier: Skyscend's Innovative Solution for Construction Industry's Bonded Jobs
Research paper by Skyscend for General Contractors and Subcontractors in the US
The purpose of this report is to present Skyscend Capital's innovative solution to working capital challenges faced by subcontractors in the construction industry's bonded jobs.
This report discusses the challenges faced by subcontractors in obtaining financing or factoring on accounts receivable for progress billing from finance companies due to the bonding company holding the first lien on the Account Receivables owed by the GC to the SC. The report also proposes a novel solution through Skyscend Capital's supply chain finance facility and Skyscend Pay payment platform to address this issue.
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