The Domino Effect: How Paperwork Creates a $64B Problem in Real Estate

The construction industry suffers from 51 days sales outstanding—the longest of any industry in the US.

While this may seem like a problem confined to job sites, there’s a domino effect at play. What starts as a paperwork delay grows as it travels throughout the connected construction economy—from subcontractors to general contractors to developers to lenders—resulting in a $64B cost to the industry as a whole in 2019.

So what can you do? Join Rabbet CEO Will Mitchell as he discusses the role developers play in the payment process.

You’ll learn:

• How we see the effects of slow payments today

• What factors contribute to the slow payments problem

• How developers can halt the domino effect and expedite payments for the entire industry