Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Is That Project Even Worth Estimating, or Should You Walk Away?
When you’re a hard-working entrepreneur running your own business, time is money — and both are in-demand, precious resources. For commercial construction contractors, growing your business hinges on your ability to successfully bid on new and bigger jobs. However, accurate construction estimating takes a significant amount of upfront time and effort (anywhere from hours to [...]
Built with Billd: Part 1 – The key to using financing responsibly to grow your construction business
Summary Growing a construction business is hard – growing it responsibly is even harder. And because financing has had a bad rap from the construction industry for so long, many contractors don’t understand that it can be the best tool to help grow their company. The reality is this: if you find the right financial [...]
Substantial Completion 101: Everything You Need to Know as a Subcontractor
For many construction projects, owners want to begin using or occupying the building as soon as possible — even if there are still minor details that need to be completed. For that reason, many contracts include the term “substantial completion.” Substantial completion refers to when the building can be used for its intended purpose, [...]
Startup Hustle: Construction Entrepreneurship
Summary Billd CEO, Chris Doyle, has been in construction long enough to know that everyone involved in the building process – subs, GCs, suppliers, and even project owners – benefit when processes and expectations are aligned. So, why is it that many of the issues prevalent in construction are often dismissed as “just the way [...]
Better Construction with Sean McStay: Jesse Weissburg – Billd Contractor Financing
Summary On the Better Construction podcast, hosted by Sean McStay, Billd CCO Jesse Weissburg discussed contractor financing and payment terms; specifically, why the construction industry needs new financial solutions, and how Billd is filling those gaps. Jesse starts by diving into why traditional financial institutions have been reluctant to work with contractors – largely because [...]
Elevate the Industry- Interview With Jesse Weissburg
Summary When Billd CCO Jesse Weissburg joined Dave Procida on the Elevate The Industry podcast, the pair discussed something every subcontractor needs to know: how to grow your business without digging yourself into a financial hole. As part of his take on “Construction Finance 101”, Jesse talks about how subs can use financing to create [...]
AIA G702 Forms: A Subcontractor's Guide + The 6 Biggest Mistakes That Delay Project Payment
During your time in the construction industry, you’ve likely learned that the process to request payment often varies from company to company and job to job. However, one payment application (or “pay app”) that you’ll encounter repeatedly is the American Institute of Architect’s G702-1992 Application and Certificate for Payment. The G702 form streamlines the [...]
Billd Success Stories: How Plumbing Supplier J. Lorber Found a Better Solution to In-House Payment Terms
For J. Lorber Company, a Philadelphia plumbing and heating distributor with a 100-year history, helping customers find alternative financing options was an opportunity. Given the unpredictable payment cycles in construction, contractors need flexible payment options to purchase their materials. While contractors wait for slow payments to trickle in, cash flow suffers, and that makes it [...]
Built with Billd: The transition to efficient material purchasing – What you need to know
Summary Material management, like many areas in construction, has long been overdue for technological improvement. On this episode of the Built With Billd podcast, Robbie Reynolds (Billd’s Director of Business Development) was joined by Or Lakritz, Co-Founder and Chief Product and Strategy Officer of StructShare. The two discussed the improvements currently being made to [...]
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