Payment speed can vary greatly depending on the type of project, however, that shouldn’t be the only element to consider. Any number of factors, like where the project is located, the size of the job, or a GC dealing with paperwork for a large amount of ongoing projects could all change how fast payment is processed. With that said, many large retailers, like Starbucks and McDonald’s, generally utilize nearly identical floor plans for stores and often have their own construction or design department all with an eye towards speed and efficiency.
If you’re concerned about an upcoming project, Levelset’s Contractor Payment Profiles can be a useful tool to help better understand payment patterns. Using data from multiple sources, they provide some insight into the payment habits of contractors nationwide.