Here’s the headline: nearly 14% of total construction costs could be eliminated with faster, more reliable payments to contractors. While the health of contractors’ and subcontractors’ businesses are steady even in these turbulent times, a developer’s reputation for timely payments is even more critical today—93% of subcontractors consider payment reputation when deciding project bids. Developers and lenders significantly contribute to slow payments, impacting project feasibility, schedule, costs, and quality. Addressing this issue is crucial for reducing project risks and costs.