The 2019 National Construction Payments Report is based on a survey of 500+ construction professionals.
The survey, conducted by Levelset and Tsheets by Quickbooks, asked contractors and suppliers about the prevalence of specific payment practices in the industry, the impact of those practices on their cash flow, and how they respond to those impacts.
- 50% of contractors complain they are not paid on time
- 40% say that back charges, deductions, and other withholdings frequently get tacked on after a project is finished
- 42% report always being stuck paying for labor, vendors, and materials before they receive payment on a job
- 35% of contractors dip into personal savings and credit to make ends meet and keep the business afloat