Asphalt Construction: taking on bigger contracts

Asphalt Construction is a New Zealand roading and construction business. Large contracts, long payment terms, and daily costs that don’t wait.

The challenge

Roading and construction contracts often run for weeks or months before a milestone payment is received. In the meantime, fuel, machinery costs, subcontractor payments and wages need to be funded from existing resources — limiting how many contracts the business could take on at once.

How they use Fundtap

Asphalt Construction funds key milestone invoices as they’re raised. The money arrives within hours, covering ongoing project costs until the client payment is received.

The result

• Able to take on multiple large contracts simultaneously
• Subbies and suppliers paid on time, maintaining strong relationships
• Growth in annual revenue enabled by better management of payment timing

All case studies  •  Invoice finance for construction