Case Study 2:
Fort Bliss (3,500 Homes Built)
CAFI played a major role in providing financial support to Minority-Owned Construction Companies during the Military Base Re-Alignment that took place at Fort Bliss, Biggs Army Airfield, El Paso, Texas and White Sands Missile Range, New Mexico.
The Corp of Engineers awarded projects totaling over several billion dollars to Government Military Housing (GMH) and Centex Home Builders and later, Balfour Beatty Construction to rebuild most of the Housing and training facilities for our military troops.
Construction projects included the construction of 3,000 + new homes, a modern shopping center on Fort Bliss, BOQs and vehicle maintenance facilities to name a few projects.
The local banking community offered minimal financial support to all contractors that were pursuing work on the base re-alignment.
The payment cycle from their invoice date to their payment date averaged 45 to 60 days. Most of the contractors needed financial support from CAFI while they waited to get paid. This project was behind schedule when it started and put a lot of pressure on their contractors to meet their demanding time lines set by the Corp of Engineers. Financing payroll needs became a vital part of this project.
CAFI funded over $40 million in Invoices from beginning to end of this project. All of its contractors successfully completed their contracts on time. CAFI and its customers and were paid 100% of all monies that were due and owed over this five year period.
CAFI and its employee’s took a lot of pride in helping these contractors successfully build quality homes for our troops and their families while training for war in IRAQ and Afghanistan.