This method allows Classical's clients to garner discounts from suppliers and take bids from a greater venue of suppliers. This feature alone saves Classical's client money and allows him to complete the contract on a timely basis as well as bid on more contracts. Credit Services A client is bidding a contract that requires payment and performance bonding, but the client cannot demonstrate to the bonding company that he has the financial strength to maintain adequate cash flow throughout the term of the contract. Therefore, the client is unable to obtain the necessary bonds. Classical enters into a funding arrangement that will insure the bonding company that payments are made to suppliers, tax authorities, and insurance providers on a timely basis.
Cash flow is maintained because Classical funds the client's invoices as soon as they become due.
The client doesn't have to wait until payment is rendered by his customer. Classical services the loan and collects the invoice. With Classical's system for collection and its proven procedures, the invoices are collected far more quickly than if the client collected them himself. This reduces the overall cost to the client and allows him to devote his full energy to satisfying the requirements of the contract instead of having his staff divert their energy to collection. The client owes back taxes or has a tax lien filed on his assets and is, therefore, unable to perform a contract.