Why can it be said that contractors are in the business of granting credit?

Name: Why can it be said that contractors are in the business of granting credit?
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Question

Quizplus · Accepted Answer

The Answer is The payment scheme used in construction contracts is generally that the contractor does the work, the work is certified, and then payment is made. Thus, the contractor provides the goods and services before being paid and is therefore effectively granting the owner credit.

Why Can It Be Said That Contractors Are in the Business