One of the strategies for maximizing the value of capital is to extend payment terms.
This process occurs before the contractor presents an invoice.
In other words, they made payments to the contractor without knowing what these payments were for.
Since the fall of Carillion, the construction industry has been actively seeking a change.
Using PBA’s will require significant adjustments and all parties will need to rethink how they operate.
You should bear that in mind and recognize that your payment is always a form of reimbursement.