Simplifying your procurement processes with our payment terms solution for the construction industry

The construction industry plays a crucial role in infrastructure development and economic growth. Its global market value in 2022 was 7.53 trillion euros, and it’s expected to reach 9.46 trillion euros by 2025, and then almost double by 2030 to 13.23 trillion euros! However, construction businesses often face challenges related to lengthy payment cycles. Namely, they need to balance expenses while awaiting client payments, often for several months plus the risk of late or non-payments.

Terms.Tech offers an innovative payment terms solution for companies within the construction industry that focus on trade supplies.

By leveraging our digital trade credit, businesses can secure upfront access to materials and equipment while paying for it with flexible payment options. Our payment solution caters for all company sizes, from small to large and empowers them to:

  • maintain positive cash flow
  • invest in new projects
  • deliver high-quality work
  • foster long-term relationships leading to increased customer lifetime value

Benefit from Terms.tech solution by:

  • selling more and growing your business
  • improving your cash flow
  • enhancing your customer satisfaction
  • passing the risk over to us – Terms.Tech assumes credit risk on your behalf

Here’s how it works

You integrate Terms.Tech into your online platform. Then you can offer our payment terms solution to the clients who are using it to purchase construction services or trade supply goods. 

Once an invoice is created and the proof of delivery is uploaded, Terms.Tech pays the supplier up front via your platform for the work they have completed. The client company then pays us back in line with their chosen payment terms (up to 90 days). In this way the seller is paid punctually and the buyer effectively manages their cash flow and back office.

Our payment terms solution is tailor-made and caters for all your needs, so you don’t have to worry about credit rating checks, financing, fraud protection, risk management, payments, or even debt collection.

Here’s how it works

You integrate Terms.Tech into your online platform or you use the Self-Service tool. Then you can offer our payment terms solution to the clients who are purchasing construction services or relevant trade supplies in it. 

Once an invoice is created and the proof of delivery is uploaded, Terms.Tech pays them up front via your platform for the work they have completed. The client company then pays us back in line with their chosen payment terms (up to 90 days). In this way the seller is paid punctually and the buying company effectively manages their cash flow and back office.

Our payment terms solution is tailor-made and caters for all your needs, so you don’t have to worry about credit rating checks, financing, fraud protection, risk management, payments, or even debt collection.

5 simple steps to check out with Terms.Tech

01

Step 1

Construction trade supplies, resellers, independent contractors, and other companies in the construction industry register on your platform. They connect and agree on the mission and work to be completed.

Step 2

Once the buyer picked their goods and heads to the checkout, they can decide how they want to pay via your platform. One of the way is via our BNPL solution.

02
An image representing smart payment solutions, in this case Terms.Tech running a credit eligibility check and fraud risk assessment check.
03

Step 3

Terms.Tech runs a real-time credit eligibility & fraud risk assessment on the company and confirms if they are eligible for payment terms.

Step 4

If the company is eligible for payment terms, we pay the seller up front. The decisioning is instant and the funds are transferred very fast.

04
An image representing smart payment solutions, in this case Terms.Tech paying a freelancer.
An image representing smart payment solutions, in this case of a computer screen shaking hands with a woman, representing the hiring company paying back Terms.Tech in line with their selected payment terms.
05

Step 5

The company pays us back on the payment due date in line with their selected payment terms.

01

Step 1

Construction trade supplies, resellers, independent contractors, and other companies in the construction industry register on your platform. They connect and agree on the mission and work to be completed.

02

Step 2

Once the buyer picked their goods and heads to the checkout, they can decide how they want to pay via your platform. One of the way is via our BNPL solution.

03

Step 3

Terms.Tech runs a real-time credit eligibility & fraud risk assessment on the company and confirms if they are eligible for payment terms.

04

Step 4

If the company is eligible for payment terms, we pay the seller up front. The decisioning is instant and the funds are transferred very fast.

05

Step 5

The company pays us back on the payment due date in line with their selected payment terms.

5 reasons to choose Terms.Tech as your payment terms provider

Enhance customer experience

B2B customers love to pay for goods with credit. Offer Terms.Tech’s payment terms at your checkout and watch your conversion rates increase while you attract new customers. Flexible. Fast. Easy to use.

Larger transaction sizes = build revenue

Without providing payment terms, only a few B2B customers would be brave enough to make large transactions. Our credit limit strategy of up to EUR 200k makes the buying decision easier.

Fast and consistent cash flow

Your cash flow and working capital are key to a successful business. We pay you up front and the buyer pays us back via payment terms up to 90 days or in instalments. It’s a win-win for you and your customers.

Fine-tuned credit check

Give your business the reputation it deserves. With our in-house-developed eligibility assessment tool, you can rest assured that we extend payment terms only to those with a good credit rating. Not only is our process lightning fast, it takes the pressure off of you to run your own checks.

Risk-free terms

Any non-payments? That’s not your problem anymore! Our Buy Now, Pay Later solution is completely risk-free for you. Any payment defaults due to fraud or non-payment are on us. This way you can reduce your risk while focusing on what you do best. Terms.Tech helps you to build your business wisely and safely.

Ready to grow your business with us?

Sell more and increase your revenues with our fully customised Buy Now, Pay Later solution

Get in touch
Get started LinkedIn Newsletter
Help

Developers API

Resources

Blog

News room

Use cases

Brand Guidelines

Terms & Privacy

Privacy policy

Terms of use

Use of cookies

Company

About us

Careers

Solutions