Survey Finds Late Payments and Portal Work Burden Construction Vendors
For Construction Pros
The survey highlights significant challenges faced by construction vendors, with late payments and the burden of using online portals being prominent issues.
Late Payments:
Vendors are often delayed in receiving payments for their work, which can lead to financial strain and difficulty in maintaining operations.
Portal Work Burden:
The use of online portals for managing projects and payments is increasingly common, but it comes with its own set of challenges. Vendors often find these portals cumbersome to navigate and time-consuming to use, adding to their administrative workload.
Remember that, these issues are not uncommon and understanding them is crucial for construction professionals aiming to improve vendor relationships and streamline project management.