Construction and real estate
For builders, developers and commercial property managers that collect by work progress, payment plans or rent, and buy materials and subcontracts on credit.
How credit sales and purchases work in construction and real estate
The project moves in stages and so does the money. The builder bills its client by progress valuations, the developer sells shops and offices to companies with payment plans, and the property manager collects rent and service charges from its commercial tenants every month. At the same time, they all buy cement, steel and equipment on credit, and subcontract specialist trades.
What takes the most work today
- Valuations and work progress negotiated by email and approved late.
- Payment plans and rents collected instalment by instalment, with manual reminders.
- Materials that arrive incomplete or with differences against the purchase order.
- Subcontractors paid without a clear record of the work done.
How Fluye makes it easier
Collections by progress, by plan or by month
- Valuations with evidence of progress and the client's acceptance.
- Payment plans per unit, with a link and balance for each buyer.
- Rent and service charges from commercial tenants with automatic reminders and every payment reconciled.
Materials and subcontracts under control
- Material quotes compared on price, term and track record.
- Receipt per delivery, checked against the order and the invoice.
- Subcontracts accepted by work progress and paid through your bank.
- Operational score for each supplier and subcontractor for the next project.
An example
A builder puts up a 48-apartment residential building and sells the units off-plan with payment plans. Each buyer has a link with their balance and receives reminders before every instalment, and each payment arrives through the bank and is reconciled. For the project, it buys cement and steel from several suppliers, receives every delivery against the order and the invoice, pays its subcontractors only for work done and always sees how much it has bought and paid against budget.
explorePartner insurers and banks will be able to use your operational score to offer you coverage and financing.