Identify the actual Michigan public buyer.
SIGMA VSS is the State's vendor and procurement system, but SIGMA itself is not the customer. Record the department, agency, county, city, township, village, school, university, authority, prime contractor, or federal agency named on the executed contract or purchase order.
Capture the solicitation and contract numbers, legal vendor name, scope, value, term, billing schedule, payment clause, renewal options, insurance, bond requirements, acceptance process, retainage, and every amendment. For a City of Detroit or other local award, preserve the local registration and supplier-portal records separately from State SIGMA records.
It supports State vendor registration, solicitations, account information, and payment inquiries. A funding request is a separate commercial transaction with an independent partner.
Follow the file from performance to cash.
Document who confirms delivery or performance, who receives the invoice, which system records it, who approves it, whether the invoice is proper, whether any amount is disputed, and where payment status becomes visible. A partner may need agency verification even when SIGMA shows a transaction.
Michigan's official procurement guidance says the Prompt Payment Act generally requires State departments to pay for goods and services within 45 days unless otherwise agreed. Do not treat that as a universal countdown: the governing contract, acceptance, correct documentation, disputes, local rules, and federal clauses can change the analysis.
Official references: Michigan SIGMA and Michigan procurement laws and payment procedure.
Separate pre-invoice costs from an earned receivable.
Build a weekly schedule for payroll, materials, equipment, insurance, bonding, travel, subcontractors, taxes, retainage, contingency, billing milestones, and expected payment. Ask for the amount the job actually needs, supported by a specific use-of-funds schedule.
| Funding stage | Possible structure | Core evidence |
|---|---|---|
| Before the first invoice | Mobilization working capital or bridge financing | Executed award, budget, schedule, business capacity, bank activity, and use of funds |
| After an eligible invoice | Invoice advance, factoring, or receivables financing | Invoice, acceptance, aging, payment status, agency verification, and assignment analysis |
| Bond requirement | Bid, performance, or payment bond support | Solicitation, bond forms, work history, financials, backlog, and indemnity information |
Make each material fact easy to verify.
- Business fileLegal entity, ownership, W-9, good standing, licenses, insurance, certifications, and verified contacts.
- Award fileExecuted contract or purchase order, amendments, scope, value, term, payment clauses, buyer, and contract administrator.
- Performance fileSchedule, budget, delivery or service records, subcontractor plan, acceptance, and change orders.
- Receivable fileInvoices, SIGMA or local portal status, aging, retainage, disputes, offsets, and expected payment path.
- Restrictions fileAssignment, notice, recourse, guarantee, collateral, setoff, termination, and subcontract provisions.
Send sensitive records only through the secure process requested by a verified partner. Never send passwords, bank credentials, or taxpayer identification information to an unverified contact.
Read the agreement, not only the marketing label.
The independent partner—not GoVendor—verifies the file, performs underwriting, decides whether to offer funding, and sets the terms. Compare the net cash delivered, total cost, fees, reserve, recourse, collateral or guarantee, assignment, notice, controlled-account mechanics, default triggers, renewal, termination, and what happens if the public buyer disputes or delays payment.
If a partner proposes to purchase an eligible receivable, confirm exactly what is being sold or assigned, what representations you make, whether recourse applies, how the public payment is directed, and how any reserve balance is reconciled.
Use 1–3 weeks as a planning range, not a promise.
- 01
Days 1–3: intake and fit
Confirm the buyer, award stage, requested amount, use of funds, and likely transaction structure.
- 02
Days 3–10: verification and underwriting
The partner reviews the award, performance, business capacity, receivable quality, payment path, and restrictions.
- 03
Days 7–15+: terms and closing
Resolve conditions, review agreements, complete any authorized notices or assignments, and coordinate an approved disbursement.
Do not commit payroll, materials, or subcontractor payments based only on a projected closing date. Wait for the partner to confirm conditions and timing.
Keep procurement facts separate from funding claims.
Questions to resolve before partner review.
01Does SIGMA VSS fund Michigan contractor invoices?
No. SIGMA VSS is the State of Michigan's vendor, solicitation, account, and payment-information system. It does not lend or purchase receivables. Funding would come from an independent commercial partner after a separate application, verification, underwriting, and agreement.
02Can a Michigan government award be funded before invoicing?
Sometimes. An invoice advance normally requires an eligible receivable, while mobilization working capital or bridge financing may address business-purpose performance costs before billing. Each partner sets its own eligibility, underwriting, collateral, and documentation requirements.
03Does Michigan require State invoices to be paid within 45 days?
Michigan's Prompt Payment Act generally addresses payment by State departments within 45 days unless otherwise agreed, but the applicable contract, proper documentation, receipt, acceptance, approval, disputes, and identity of the public body all matter. Local and federal awards may follow different rules.
04How fast can Michigan contractor funding close?
A complete, eligible file may move through partner review and closing in roughly one to three weeks. Missing documents, agency verification, underwriting, legal review, banking schedules, assignment restrictions, disputes, or changing performance facts can extend the timeline.
05What does GoVendor charge a Michigan contractor?
GoVendor does not charge the contractor an application or matching fee and there is no obligation to accept an introduction. GoVendor may receive a referral fee from an independent partner only if a transaction funds. The partner's agreement contains any financing costs and final terms.