Construction Glossary
Discounts
Savings obtained by paying suppliers upfront, which can be facilitated through materials financing
What Are Discounts?
Discounts refer to reductions in the price of goods or services offered to buyers as an incentive or reward. In construction and related fields, discounts may be provided for bulk purchases, early payments, or long-term contracts. Discounts help manage costs and encourage business transactions, benefiting both the buyer and the seller.
Example
Reduced prices for bulk building materials.