1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Patented solution aims to free up working capital for construction firms

Project Liquidity

By:  
Creamer Media Senior Contributing Editor
 
Construction
A patented working capital solution ‘Sponsored Advance Retention’ – developed by insurance major Santam and local specialist capital consulting firm Capital Breakthru Solutions business development director Wayne van Houten – will release working capital for construction contractors and subcontractors, says Santam bonds and guarantees head Clinton Spence. This will support the development of projects and help to improve project efficiency and delivery. The risk-based working capital solution leverages a guarantee provided by Santam, and is based on the economic merits and metrics of the construction project, as well as the reputation, capacity and proven capability of the contractors, to provide immediate working capital on a project basis.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register