Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
The Only Article You Need to Read About Construction Submittals
What Is a Construction Submittal? A submittal is a general term for written information that must be supplied by contractors or subcontractors to the engineers, architects, consultants, general contractor, or other stakeholders on a project. This information acts as proof that the contractor or sub is complying with the construction plans. Based on the submittals, [...]
5 Hidden Material Costs and How to Avoid Them
In these technologically evolving times, subcontractors cannot afford to maintain their traditional ways of managing their business while the rest of the construction market is making dramatic efforts to improve productivity. Subcontractors and self-performing general contractors know profitable construction projects come from a successful blend of labor, material, and equipment management. But, too often, contractors [...]
Change Orders: Different Types, How They Work, and What to Include
Changes to contractual agreements can become necessary at any time during the life of a construction project. Between the signing of the original contract and the completion of work, dozens of changes may be requested regarding the project’s schedule, scope of work and budget. Change orders are the official documents used to make changes happen. [...]
Billd Closes $30 Million Series B Funding Round To Help Solve Cash-Flow Pain Points in Construction
Funding round will support the rapid expansion of material financing, investment in new products, and addition of top industry talent. Austin, TX – Billd, the leading provider of material financing for commercial subcontractors, announced today that it has closed $30 million of funding led by LL Funds, with participation from RJT Credit and Ulysses Management. [...]
Built with Billd: Growing your construction business into larger commercial projects
Summary How do you grow a construction business? According to Matt DiBara, owner of DiBara Masonry, there are two main things every contractor needs to do: create a strong brand that you deliver on every day, and prioritize relationships at all times. In this episode, Matt shares specific examples of how you can accomplish both [...]
Billd and StructShare partner to help subcontractors better manage procurement and cost management
Austin, Texas – Billd, a disruptive payment solution for the construction industry, today announces a partnership with materials management software firm, StructShare. According to a recent Subcontractor Market Report, 63% of contractors claim they pay for materials before getting paid for work, which causes major cash flow challenges for the contractor and causes significant project [...]
5 Steps Subcontractors Need to Take Before Entering a New Geographic Market
As a subcontractor, expanding into new markets can be a reliable method to achieve business growth. You may feel that you’ve penetrated most of the target market in your current geographic territory, and business growth now requires expansion. You may also see an increased need for your services in another city that is showing ongoing [...]
What Is a Notice of Completion and How to File One
What Is a Notice of Completion? A Notice of Completion is a document that establishes the official date that a construction project is considered complete. This is particularly important for parties involved in the project that have construction lien rights, because the Notice of Completion shortens construction lien deadlines. Construction liens protect payments to subcontractors [...]
Billd Success Stories: How Solar Supplier R.E. Supply Found a Better Solution to In-House Financing
“Our mission is to be a partner to contractors, to provide better pricing and help them manage their cash flow. Billd helps us do that. With Billd, we help our customers win the bid, in spite of cash flow. It works really well for our customers and for us.” – RE Supply Leading renewable energy [...]
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