Construction Receivables
Construction is one of the largest industries in Chicago and also one of the most challenging for cash flow management. Labor and material costs are significant, and it takes time to bill and collect. Invoices require significant administrative followup to insure that proper lien releases are obtained and that suppliers are getting paid.
Liquid Capital can relieve those funding constraints by paying your suppliers and payroll for you based on funds you are due from progress or final billings. We back up our funding with full accounting services. We work with you to establish a detailed project budget up front, we pay your vendors for you, provide reporting, we can even process your payroll! We relieve you of the adminstrative work of managing the finances of a project so that you can do what you do best!
Developors or contractors that you are working for can be assured that a professional third party is managing your resources to insure suppliers and labor are getting paid and lien releases obtained. In some cases, developers have lowered their reserve requirements with the assurance that we will manage this process.
