ContractComplete is a streamlining billing tool ideal for AR/AP tracking tool for all construction stakeholders: Contractors, Consultants (eg. Civil Engineers, Landscape Architects), Sub-trades and Project Owners. Bills have been or are being passed in states and provinces across USA and Canada that require accelerated Contractor payment. In the USA, Prime Contractors are required to "Pay when Paid" sub-trades (within 7 days) and prime contractors are expected to be paid by project owners 30 days following invoice. In Canada, Prime Contractors are to be paid within 28 days and Subs 7 days following Primes payment.
Contractors biggest challenge is Cashflow
Project Owners want to earn interest and keep their money as long as possible
Sub-trades are at the mercy of Prime Contractors
Consultants are just placed in an uncomfortable position.
need to identify all the changes by state and province and tie into the feature ContractCOmplete can offer.
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Instruction to Writer:
Please research bills being passed in US and Canada similar to Construction Act: Bill 142 and ways ContractComplete can help all stakeholders stay on top of payments and changes in the scope of work.