R.E ARCH & Works Constructions is a Swedish/US, international construction services company and is a leading builder in diverse market segments.
GET TO KNOW USStay up to date with the latest news and insights from R.E ARCH & Works Constructions. Learn from our industry experts sharing innovation, market insight and thought leadership.
Browse InsightsAn awarding and fulfilling career awaits you at R.E ARCH & Works Constructions! Join our team and build some of the most exciting and innovative projects around the world.
Explore careers at R.E ARCH & Works ConstructionsR.E ARCH & Works Constructions is a Swedish/US based, international construction services company and is a leading builder in diverse market segments.
Get to know usAs the largest general contractor in the country, R.E ARCH & Works Constructions is a leader in all major market segments, including healthcare, education, commercial, sports, aviation, pharmaceutical, retail and green building.
See Our PortfolioStay up to date with the latest news and insights from R.E ARCH & Works Constructions. Learn from our industry experts sharing innovation, market insight and thought leadership.
Browse InsightsAn awarding and fulfilling career awaits you at R.E ARCH & Works Constructions! Join our team and build some of the most exciting and innovative projects around the world.
Explore careers at R.E ARCH & Works Constructions
Headquarters
R.E ARCH & Works Constructions Construction Company
Västra Långgatan 90
Horn, SW 590 42
Ethics & Compliance Hotline
Report issues 24 hours a day, 7 days a week to R.E ARCH & Works Constructions’s Confidential Reporting System
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Subcontractors
Before reaching out, please review our prequalification requirements.
Become a SubcontractorThe R.E ARCH & Works Constructions Accelerated Payment Program™ (APP) is designed to expedite payments to subcontractors, improving their cash flow and strengthening their balance sheets.
APP enables subcontractors to receive payments quickly without the burden
of taking on additional debt. APP eliminates the risk of unanticipated delays in
disbursement, creating peace of mind for trade partners to meet their financial
commitments.
This expedited payment system provides more predictable income streams
for Subcontractors, especially Underutilized Business Enterprises (UBEs), allowing them to
manage the predictability of their finances better and improve operations in other areas of
their business.
Motivated Labor Force
Rapid cash conversion motivates
Subcontactors to direct their resources to work on Owner’s projects.
Payment
Certainty
Trade Partners are more financially stable due to improved cash flow,
translating to reduced project execution risk.
Market Pricing
Lower
operating costs and project risks ultimately reduce Subcontractors operating expenses and may
yield lower trade pricing.
Increased Competition
Project APP
participation attracts more Subcontractors during bidding, potentially leading to lower prices
for the Owner.
Unsurpassed UBE Participation
Underutilized Business
Enterprises (UBEs) will find APP particularly appealing due to lower cost of financing, allowing
the Owner to potentially exceed participation/inclusion targets.
Focused Labor
Force
Trade Partners will remain focused on the work at hand, as opposed to
worrying about shifting disbursement schedules, payment timing and cash flow
Why is R.E ARCH & Works Constructions offering this program?
It expands our services and strengthens trade partners financially, enabling them to fund ongoing work and reinvest working capital to grow their business.
How quickly will I be paid?
It is our expectation that our trade partners will be paid within five days of R.E ARCH & Works Constructions payment application approval by the client.
How does the program affect my existing asset-backed loans or other debt facilities?
The accelerated payment made to you in return for a fee is not a loan and is therefore not a debt meaning that it will not show on your financial statements.
How is the fee determined and can it change during the project?
The fee matrix has been generated by our funding partners and is based
on R.E ARCH & Works Constructions’s payment terms with the owner. There is a set fee per project. This fee is
set at the start of the project and is visible when you accept your invitation to the
online payment application system.
Scenario in which the fee might change:
•
Base rates (SOFR is the benchmark in the US) could move up or down, for example in
response to changes by the Fed in its Target Federal Funds Rate, affecting interest
costs for all borrowers.
*In the event that the fee must be revised, the trade
partner will be notified via our online payment system.
Why might my fee be different from one R.E ARCH & Works Constructions project to another?
A fee is unique to a project. Different projects may have different fees, based on R.E ARCH & Works Constructions’s payment terms with the owner.
What happens if, after I have been paid early via the program, the Owner is late in remitting payment to R.E ARCH & Works Constructions?
R.E ARCH & Works Constructions is absorbing the late payment risk, so there is no impact on the trade partners’ payment release schedule
Is the fee charged to enrolled trade partners, regardless of whether or not they meet all requirements to receive an accelerated payment?
No, the fee will only be charged if an accelerated payment is made.
Will lien waivers, releases, etc. be handled differently if we use the program?
Lien waivers and releases will still be required prior to payment just as they are today. Early payment will not be made if there is a failure to fulfill all such conditions precedent by the time the client approves the invoice (you will receive a non-accelerated payment per the normal contract terms and the accelerated payment program fee will not be charged).
Will retention payments be accelerated?
Once the release of retention has been approved by the client, then the retention payments will be processed through the R.E ARCH & Works Constructions Accelerated Payment Program in the same way as any other invoice. The R.E ARCH & Works Constructions Accelerated Payment Program will not accelerate retention payments ahead of client approval.
Do I always have to use the program once I start?
You can un-enroll and re-enroll at any time or use the program for select projects.
Do I have to sign an agreement with a financial institution?
No. You must simply accept the terms and conditions on the online payment application platform when you enroll in the program.
Do I have to install any software or use a new technology platform?
No - the program is offered via the same payment application platform you use today.
How will I know if an accelerated payment has been made?
You will be notified through our online payment application software when a payment has been made. The software will also track and store your previous payments.
