Construction Sector | Bibby Financial Servcies

Construction Sector Large

Subcontractors survey reveals state of the industry

Our Subcontracting Growth Report gives a unique insight into the UK industry. At a time when Brexit and its impact on the economy is dominating headlines, our report reveals that subcontractors are not immune from the uncertainty and disruption being caused. Brexit is seen as the biggest threat to subcontractors in 2019, with larger firms the most concerned. And 89% of surveyed subcontractors are calling on the Government to act to restore confidence.

Find out more in our Subcontracting Growth Report 2019

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Helping you to manage your contracts and take on new projects

Many financial services providers find lending in the construction sector challenging. Working in construction means upfront labour and material costs that often need to be paid before you get paid for the job. At the same time, you have day-to-day business costs to meet during the delivery of a project.

If you’re running a construction business we can help you with funding against contracts, framework agreements and applications for payment.

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How we can help your cashflow

We advance cash against the value of your invoices before they are paid, giving you sufficient cashflow to meet the demands of running your business.

We can help your construction business manage its cashflow with the funding you need throughout the various stages of a contract. You'll also be able to take on more work with confidence, knowing you have reliable funding in place.

To help your business benefit from the services we offer, we can support you with Construction Finance, Asset Finance, and Bad Debt Protection.

The benefits to your construction company

Our funding can help you to:

Meet your upfront and ongoing labour and essential material costs
Hire new employees or retain and pay your skilled workers on time
Deliver existing contracts or take on new projects

Manage any seasonal fluctuations
Focus on the day-to-day running of your business if you choose a complete credit control service

Why choose us?

We can help you because:

Following its launch over 10 years ago, our Construction Finance solution is one of the most established products in the sector, giving us an unparalleled understanding of the market
We are Construction Finance specialists and our detailed knowledge of the construction sector means you receive a fast and informed funding solution
Since 2004, we have helped over 1,200 construction businesses and sub-contractors working on both residential and non-residential projects

View Construction Funding Options

We have an established relationship with industry specialists, The Vinden Partnership, for contract reviews and advisory support including arbitration and dispute resolution services
We are the only funder that allows you to upload applications for payment online
We have experience in over 80 trades including roofing, plumbing, electrical, flooring and groundworks

BFS funded £661 million of construction billing in 2016 Bibby Financial Services

Talk to a member of our team today on 0808 196 1692

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