The invoice as an instrument of business financing at administrative law

Abstract

For several years now, the State and the private world have combined their efforts to satisfy the various aspects of the common good, as the main objective of the State. For this, the private sector receives the order to carry out works or provide services from the Administration and must have the necessary financial support for the proper fulfillment of the mandate. The problem comes when not all companies have enough capital for the correct execution of these projects, or having it they prefer to use other means, such as resorting to long or short-term financing instruments. Among the latter, the invoice discount plays a fundamental role due to the simplicity and low cost for the entrepreneur, however, in the context of infrastructure projects, that simplicity is diluted by colliding, at least apparently, with contractual administrative regulation.