What is a financial viability assessment?
A financial viability assessment evaluates a subcontractor’s ability to meet their financial obligations and sustain operations over time. Unlike credit services which focus on short-term repayment history, this assessment takes a broader view, considering factors like cash flow, profitability, debt levels, and business stability to identify potential risks before they impact project delivery.
Are some credit services built only for lending?
Yes. Many traditional financial tools like credit scores, credit reports, and credit monitoring, are primarily designed to assess lending risk. They focus on a business’s ability to repay loans, often based on past credit behaviour, rather than evaluating long-term financial stability or project delivery capability.
How does Fiable source all the private data from subcontractors?
Fiable doesn’t access private company data without permission. Subcontractors are invited to securely share their information such as financial statements, project pipelines, and other data with us via the Fiable platform.
How is Fiable different from traditional credit services?
While traditional credit services are built primarily for lending decisions which focus on repayment history and credit risk, Fiable was always purpose-built for assessing project-based industries such as construction, infrastructure, government, resources and energy. It assesses financial viability through the lens of project delivery, considering factors like cash flow, business structure, and operational resilience to give head contractors a more relevant and complete view of subcontractor risk.
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