Cash discount programs in construction refer to the practice of offering discounts to customers who pay their invoices within a specified period. These programs are becoming increasingly popular in the construction industry as a way to incentivize prompt payment and improve cash flow. However, implementing cash discount programs requires careful...
The Benefits of Cash Discounts for Contractors
Cash discounts are a common practice in the business world, and they can be particularly beneficial for contractors. In simple terms, a cash discount is a reduction in the price of goods or services offered by a supplier if the contractor pays the invoice within a specified period of time....
Implementing Cash Discount Programs in Construction Businesses
Cash discount programs have become increasingly popular in various industries, including the construction sector. These programs offer incentives to customers who pay their invoices promptly, encouraging timely payments and improving cash flow for businesses. In this article, we will explore the benefits of implementing cash discount programs in construction businesses,...