Mastering On-Account Payments: Ensuring Smooth Cash Flow in Construction. (EP 184)

In this episode, Paul is joined by Patrick Carroll, QS and Founder of Carroll Estimating. This business provides a team of Contractor Quantity Surveyors and Estimators for less cost than one QS employee.Paul and Patrick explore the intricacies of on-account payments and their critical role in maintaining smooth cash flow within construction projects.Challenges and Solutions: Common issues with on-account payments and strategies to ensure smoother transactions. Documenting and Following Up: Key steps subcontractors should take for timely payments. Accurate Payment Claims: The importance of accuracy in payment claims and best practices. Stories from the Field: Real-world examples of on-account payment challenges and successes. Frustrations and Solutions: Main contractors' frustrations are improving, and subcontractor transparency and communication are improving, especially during the tender stage.Your free OTB downloadI’ve shared a link to the eBook Your Mini Guide to Digital Signatures.Send us Fan MailWant to connect with Paul?Paul is on Linkedin here and would love to talk. You can also connect with Paul at [email protected] or through, C-Link. C-Link is software built by Quantity Surveyors for Quantity Surveyors. We save 600 hours of Quantity Surveying time per project in automation. We can make your QS’ so much more efficient.Watch the Video to learn more; you can book a demo by clicking here.