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 SubcontractorTurner Accelerated Payment Program powered by Billd delivers fast, predictable payments—tied to your invoice, not the owner's timeline.
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 Turner offering this program?
Turner created the Accelerated Payment Program to support trade contractors with faster, more predictable payments—addressing working capital strain. The program offers contractors a seamless, low-cost way to get paid shortly after submitting a pay application. This strengthens trade contractor’s cash flow.
Who is Billd, and why are they partnered with Turner?
Billd is a financial services company built specifically for trade contractors. Turner’s partnership with Billd offers trade contractors a forward-thinking capital solution that enables trade contractors to access funds faster, avoid delays, and grow their business
How quickly will I be paid?
Assuming your pay application is in good standing, trade contractors can expect to be paid within five business days of the period through date on the invoice or Turner payment certainty – whichever comes first. However, if the pay application is approved at a later date, acceleration of payment can occur up to a few days before standard payment terms.
How does the program affect my existing asset-backed loans or other debt facilities?
The accelerated payment you receive isn’t a loan, so it doesn’t impact your balance sheet, any loan covenants, or your credit history.
How is the fee determined and can it change during the project?
The fee is based on a daily rate and depends on how many days early you are funded—for instance 15 days costs less than 30. The number of days advanced is determined by when early payment is released and the project payment terms. Your rate is set at the time of enrollment and is shown when you accept the online payment invitation.
What happens if, after I have been paid early via the program, the Owner is late in remitting payment to Turner?
Turner absorbs the late payment risk.
Is the fee charged to enrolled trade partners, regardless of whether or not they meet all requirements?
No, the fee will only be charged if an accelerated payment is made and determined by the number of days payment is accelerated.
Will lien waivers, releases, etc. be handled differently if we use the program?
Lien waivers, releases, and other compliance related items will still be required before payment is
released, as they are today.
Will retention payments be accelerated?
Once retention release has been approved by the client, retention payments will be processed
via the program. Retention payments will not accelerate ahead of client approval or the contractual terms of the project.
Do I always have to use the program once I start?
Contractors have the ability to enroll or un-enroll at the enterprise level and once enrolled,
all future contracts and invoices are included. However, you can suspend the program for individual invoices on a month-to-month basis.
Do I have to sign an agreement with a financial institution?
No. The program works within Turner’s existing billing process, so there’s no need to change how
you operate
Do I have to use a new technology platform or make changes to my billing process?
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.
