Constrafor

🚨 New Webinar Alert 🚨 "Mitigating Risk Through Next Gen Insurance Compliance: A Success Story with Skanska, Leveraging Procore & Constrafor COI Management" Hear from Michelle Paul, Insurance Manager at Skanska, and Brian Connor, Head of Customer Success at Constrafor, as they share insights on transforming COI management processes. What You'll Learn: ✅ How Constrafor simplifies insurance compliance with automation ✅ Real-world success with Skanska's streamlined operations ✅ Advanced tools for better collaboration and reduced risks Don’t miss this behind-the-scenes look at how Skanska and Constrafor are driving efficiency and innovation in construction insurance compliance. 🎥 Watch now: https://hubs.ly/Q0303crg0

🏗️ Design-Build Projects: A Booming Opportunity with Hidden Cash Flow Risks Design-build is reshaping construction, expected to account for 47% of U.S. construction spending by 2026. While this method speeds up delivery and fosters collaboration, subcontractors often face unique financial challenges: - Unapproved change orders - Payment delays (45-90 days or more) - Rising material costs In our latest blog, we explore these challenges and share strategies to protect your cash flow. Learn how solutions like Constrafor's Early Pay Program can help you bridge the gap without taking on debt. Read the blog: https://hubs.ly/Q02_7kgn0 #ConstructionFinance #DesignBuild #CashFlowManagement

Subcontractors: Are rising costs and delayed payments squeezing your cash flow? Discover the 5 Cash Flow Killers every construction business must watch out for—and how to protect your bottom line. 🏗️ Read the full blog here: https://hubs.ly/Q02--cd-0 #construction #contech #specialtycontractor #constructionfinance #subcontractor

Construction financing decisions have long-term implications for your business. Yet many subcontractors are forced to choose between immediate cash flow and protecting their profit margins. Don't let the wrong financing choice impact your profitability. Read our comprehensive guide, "Best Financing Options for Construction Subcontractors" HERE: https://hubs.ly/Q02-cq_b0 #construction #subcontractor #specialtycontractor #subtrade #constructionfinance

Happy Thanksgiving to all who celebrate from all of us at Constrafor! 🦃 We're grateful for the hardworking construction professionals who build our world every day. Here's to a holiday filled with gratitude, good company, and well-deserved rest. 🍂

Exciting News: Constrafor Raises $264M in Series A Funding! 🚀 We are thrilled to announce Constrafor's successful close of a $264 million Series A funding round, comprising $14 million in equity led by NFX and a $250 million credit facility from Wafra and Crestline Investors. This milestone fuels our mission to transform construction finance through cutting-edge technology and innovative financial solutions. Why This Matters: The construction industry faces tight margins, cash flow challenges, and labor shortages. Constrafor tackles these issues head-on with solutions like the Early Pay Program (EPP), which accelerates subcontractor payments. With our AI-powered platform, we’re modernizing subcontractor management, streamlining insurance compliance, and simplifying payment processes. This investment enables us to scale our platform, empowering contractors and subcontractors to thrive in a competitive, capital-intensive industry. With the support of visionary partners like NFX, Wafra, and Crestline Investors, Inc., Constrafor is well on its way to reshaping the construction finance landscape. Learn more about the announcement and what it means for the construction sector in the links below: https://lnkd.in/eS-tTv_G https://lnkd.in/eszxhM3y Learn more about Constrafor here: https://lnkd.in/e3kvM9PJ #Constrafor #SeriesA #ConstructionFinance #ConstructionTech #PropTech #ConTech #Innovation #Growth #AI #TechInConstruction #Subcontractors #GeneralContractors #NFX #Crestline #Wafra

Hey GCs! Tired of slow payment cycles hurting your subcontractor relationships? 🏗️ See how Restani Construction Corp., a leading NYC infrastructure general contractor, transformed their business by guaranteeing fast payments to trade partners. 📈 The result? Doubled growth projections and a team of loyal subs ready to scale with them. Read the full case study to learn how they did it with Early Pay from Constrafor👇 https://lnkd.in/erm9rA53 #CaseStudy #GeneralContractor #ConstructionIndustry #TradePartners #BuildingAmerica

🚧 And thats a wrap on Procore Technologies' Groundbreak 2024! The Constrafor team had a blast connecting with construction professionals from all over the world, both new faces and old! Big shout out to the Constrafor team who staffed the event: Brian Connor, Tony Guarascio, Thomas Norton & Courtney Reiman! Here's just a few highlights from our time at #GBK24 -- stay tuned as we'll be releasing a recording of our breakout session, featuring Brian Connor(Head of Customer Success, Constrafor) and Michelle Paul (Insurance Manager, Skanska)! #procore #constrafor #construction #generalcontractor #gbk2024 #gbk24 #groundbreak #groundbreak2024 #groundbreaker #beagroundbreaker

The Constrafor team is having a blast so far at Procore Technologies' Groundbreak 2024! Thanks to all who came out to our dueling pianos happy hour event last night. We're excited to kick off Day 2! If you're at the show, be sure to check out some of our offerings 👉 BOOTH #423 @ THE EXHIBIT HALL - Meet the Constrafor team during exhibit hall hours, who can answer any questions about our risk & payment solutions. We'll also have plenty of swag, so be sure to stop by 👉BREAKOUT SESSION: MITIGATING RISK THROUGH NEXT GEN INSURANCE COMPLIANCE - A SUCCESS STORY FT. SKANSKA & CONSTRAFOR - Speakers: Michelle Paul (Insurance Manager, Skanska) & Brian Connor (Customer Success, Constrafor) - When: Thursday, November 21st @ 11:00 AM MST - Location: Room #603 Big shout out to the Constrafor team staffing the event: Brian Connor, Tony Guarascio, Thomas Norton & Courtney Reiman! #procore #constrafor #construction #generalcontractor #gbk2024 #gbk24 #groundbreak #groundbreak2024 #groundbreaker #beagroundbreaker

🤝 In-person is still one of our favorite ways to meet with contractors and go over what procurement steps Constrafor can streamline for GCs. Shoutout to Thomas Norton, Courtney Reiman, Rob Monfred and Tony Guarascio for making it rain on the conference circuit at Trimble Inc. and CMiC. Next up Procore Technologies! 🏗 For all the GCs doing over $100M in annual revenues, come talk to us about: 🎛 Prequal (now with Dun & Bradstreet data incorporated) ✍ Contracts (now with Docusign embedded) ☔ Insurance compliance (including our OpenAI-powered Copilot) 💲 Invoicing and payments (with the help of Stripe and Chase) 👷♀️ MWDBE tracking 💵 Early Pay Program (insured by Allianz) #construction #constructiontech #groundbreak #fintech