[TedFundy]

An MCA is the death of all GC's. But then again- any GC that is stupid enough to take on an MCA shouldn't be in business anyways.

Talk to him about the subcontractors he is hiring. If they are in need of funding (which they clearly are if they are working for a GC who needs financing), then we can factor his subs at no cost to him. Or the your client, the GC, could offer a 5% discount to pay the subs early and we only charge 3%; therefore netting the GC an additional 2% on the project.

[ridextreme]

An MCA is the death of all GC's. But then again- any GC that is stupid enough to take on an MCA shouldn't be in business anyways.

Talk to him about the subcontractors he is hiring. If they are in need of funding (which they clearly are if they are working for a GC who needs financing), then we can factor his subs at no cost to him. Or the your client, the GC, could offer a 5% discount to pay the subs early and we only charge 3%; therefore netting the GC an additional 2% on the project.

LOL are you an MCA Industry hater?

what about paying for supplies? Payroll? and other expenses he needs to fund an upcoming job that he won't get paid on for months? Usually they're paid in 6 months anyway so short term funding works great for them.

[TedFundy]

LOL are you an MCA Industry hater?

what about paying for supplies? Payroll? and other expenses he needs to fund an upcoming job that he won't get paid on for months? Usually they're paid in 6 months anyway so short term funding works great for them.

Ok....... Supplies are on a paid when paid basis in construction. If they are not for this GC, he needs to talk to different suppliers rather than get a costly MCA. And Payroll? He is a GC; therefore, he hires subs and has little or no payroll. If he can't pay his supers, PM's, or office admins because he is THAT broke, he can't get an MCA anyways.

And no GC gets paid in 6 months unless there is a holding pattern due to litigation or other problems with the owner/funder of the project. Even is there was, he is under no obligation to pay his subs until he is paid. Construction is always milestone billing. Short term funding works terrible for them unless they have a 50% profit margin which they, more often than not, do not have.

You're way out of league here.