Some suppliers have to fund the construction of an asset which will be payable only upon delivery. These receivables cannot be discounted with standard factoring (no invoice). BNP Paribas has set up successfully several work-in-progress funding solutions based on acknowledged milestone progress and unbilled receivables. Beyond supporting the suppliers by bridging this gap, for the buyers it will help to pay the asset at its delivery when it becomes productive and thus increase their ROI.
