Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Billd and Procore Launch Partnership to Transform How Subcontractors Secure Funding and Manage Projects
AUSTIN, Texas, September 08, 2021–(BUSINESS WIRE)–Billd, the leading provider of material financing for commercial subcontractors, today announced a partnership with Procore Technologies, Inc., a leading provider of construction management software. This partnership aims to transform the construction industry by offering contractors a comprehensive solution to secure critical project financing, and to streamline project management and materials [...]
Built with Billd: How outdated labor tracking is hurting your bottom line
Summary Ineffectively tracking your labor productivity can have massive effects on the bottom line of your company. Zach Scheel, Co-founder and CEO of Rhumbix, experienced this issue first hand after spending nearly a decade in the industry. Zach handled project and cost control and worked with the United States Navy Civil Engineer Corp and Bechtel [...]
4 Strategies to Build a Strong Construction Brand: Advice for Subcontractors
When you hear the word “branding,” you may think of conventional marketing fodder, like logos, websites, or brochures. Traditionally, branding encompasses all the visual and tonal elements that allow potential customers to distinguish your company from competitors. For subcontractors, however, your logo and visual aesthetics do little to communicate the worth of your construction brand — [...]
Subcontractors: How to Become Eligible for a P&P Bond
When you’re building a construction business, one of the biggest growth hurdles you’ll likely face is the ability to secure payment and performance bonds, commonly known as P&P bonds. It’s tough to successfully secure a P&P bond when you’re a young construction entrepreneur or still growing your business because you might not have enough financial [...]
Built with Billd: Bringing change orders into the 21st century
Summary Collaboration in commercial construction can have an enormous impact on your finances – especially when change orders are involved. Cameron Page, Founder and CEO of Extracker, knows this all too well. Cameron spent the first 10 years of his career at one of the nation's largest design-build GCs, where he saw that every company [...]
Subcontractor Insurance – What Do You Really Need?
To remain successful and competitive as a commercial contractor, it’s vital to invest in your insurance program, not only to protect your company’s assets (and your own), but also because you need it to land larger, more complex projects that will help you grow your construction business. General contractors and project owners stipulate certain types [...]
Subcontractors: The Ultimate Guide to Financing at Every Stage of Growth
Every construction subcontractor faces the same fundamental dilemma: needing to pay for materials, labor, and general and administrative expenses each month, while not getting paid for completed project work for 60-90 days. No matter how new or established your business may be, cash-flow issues do not discriminate in the construction industry. As a growing construction [...]
Built with Billd: Breaking down the 2021 National Subcontractor Market Report
Summary The inaugural National Subcontractor Market Report examined general outlooks toward business growth & financing in the construction industry. This report was founded upon a survey conducted in March 2021, which queried contractors on their business growth goals, sources of capital they’re using to stimulate growth, and the role of supplier terms play in their [...]
The Construction Estimating Process: A Breakdown for Subcontractors
Growing your business depends on how successfully you bid on a project. In the construction world, it’s especially important to know the “do’s and don’ts” of construction estimating. You want to bid competitively enough to win the project against competing contractors, but high enough to ensure that all project overhead costs will be covered and [...]
The Billder's Bulletin
Construction finance intelligence, delivered monthly.
Join thousands of construction executives getting the Billder's Bulletin.