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Building Contractors often claim that they need a deposit to fund building work. In reality, established, professional contractors do not need a deposit in order to provide and fund construction services – they have established relationships with suppliers and subcontractors which operate on credit.
Credit is offered and obtained in the building industry based on trust and past performance. No track record and no trust results in no credit - that arrangement is clearly fair and perfectly understandable. BUILDSAFE® can help you with your business arrangements as your suppliers will know that the money needed to pay for materials is held safe in the BUILDSAFE® trust account and will only be released in accordance with the contract. |
