Turner is a North America-based, 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 Turner. Learn from our industry experts sharing innovation, market insight and thought leadership.
Browse InsightsAn awarding and fulfilling career awaits you at Turner! Join our team and build some of the most exciting and innovative projects around the world.
Explore careers at TurnerTurner is a North America-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, Turner 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 Turner. Learn from our industry experts sharing innovation, market insight and thought leadership.
Browse InsightsAn awarding and fulfilling career awaits you at Turner! Join our team and build some of the most exciting and innovative projects around the world.
Explore careers at Turner
Headquarters
Turner Construction Company
66 Hudson Boulevard East
New York, NY 10001
(212) 229-6000 turner@tcco.comEthics & Compliance Hotline
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(888) 738-1924 https://turnerconstruction.ethicspoint.comSend
Subcontractors
Before reaching out, please review our prequalification requirements.
Become a SubcontractorThe Turner 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
Under the guidance of national leadership, Turner's APP program is administered and monitored by local representatives to ensure subcontractors receive the highest level of customer service while enrolled.
Regional Procurement Manager
Why is Turner offering this program?
It expands our service offerings, and it increases the financial strength of our trade partners. Trade partners can use the accelerated payment to fund work in progress and use their working capital to enhance their business.
How quickly will I be paid?
It is our expectation that our trade partners will be paid within five days of Turner 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 Turner’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.
Why might my fee be different from one Turner project to another?
A fee is unique to a project. Different projects may have different fees, based on Turner’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 Turner?
Turner 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 Turner Accelerated Payment Program in the same way as any other invoice. The Turner 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.
Where can I find out more information?
For more information on APP, please contact: Abby Krehl, Procurement Manager.
