Raise against your outstanding contracts, and deliver your projects more efficiently with your operating costs covered up-front.
Contract finance, gives you the financial capacity required to take on new contracts and run several projects at once by optimising your working capital position.
Diaspora worked with a construction and engineering company that regularly wins project tenders from government and private sectors around the world. It primarily operates in the civil engineering, public works and highways industry.
Whilst some awarded projects include staged payments, the majority are not fully paid until completion, meaning the company is forced to cover up-front costs including materials and labour upon, with repayment often not coming in until a year later.
By borrowing against its signed contracts, the company can cover the operating costs of project completion for the entire duration and free up working capital, ready to take on more contracts.