Payment delays plague the construction industry, extending payment cycles to 57 days and forcing 77% of subcontractors to cover materials out of pocket. These inefficiencies drive up costs, worsen labor shortages, and disrupt project timelines. Digital payment tools and virtual cards offer faster, more secure transactions—86% of contractors report quicker payments when digital tools are used. Combined with modern training like BILT’s 3D platform, these solutions improve cash flow, workforce stability, and project outcomes.

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