Question: Please explain. Better Construction is a construction company that has been in business for 15 years in Sydney, Australia. They have developed a network of

Please explain.

Better Construction is a construction company that has been in business for 15 years in Sydney, Australia. They have developed a network of subcontractors who complete work on building contracts on behalf of Better Construction. Sub-contractor pay rates are in line with competitors rates however there have been complaints from sub-contractors that payments are not being received within the expected 30-day payment cycle. Better Construction has been using the same payment system for the past 10 years and is considering hiring a software development company to update the companys software.

a) Describe how the problem of delayed payments can be identified and explain why this is of concern for Better Construction?

b) Discuss two possible solutions for the software development and the challenges Better Construction will face?

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