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Contractors
Contractors expect and deserve to be paid on time and in the amounts needed
to cover ongoing building costs. Conflicts often arise when the owner has
not adequately matched the provisions of the loan agreement with the
provisions of the contract. The payment date, retentions, and lump sum
payments vs direct payments to subcontractors are just some of the issues
that, if not matched in the agreements, can create problems.
When the
contractor works with a reliable financial partner who helps him and his
client look at these issues, a job can go far more smoothly.
By teaming
with PFC on his/her jobs, a contractor can offer a premium financial service
to the client owner which becomes a value added service that other contractors do
not offer. There is no additional cost to the client for this extra service
and of course we charge the contractor nothing for this support.
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