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

Own The Build

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.

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