Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Stay Ahead of the Game: Why Securing Capital Before You Need It Is So Critical
As a construction executive, you know exactly how unpredictable this industry can be. One minute, you have plenty of cash in the bank, the next, cash flow is so strained that you’re wondering if you have to pass up a massive project or dip into your retirement savings. This is why having and acquiring multiple [...]
Billd Secures $17.5M Funding Round to Supercharge Growth, Expand Product Suite
Austin, TX – October 29, 2024 – Billd, the leading provider of financial solutions for commercial subcontractors, announced its latest investment round today, securing $17.5M in strategic funding. This investment helps accelerate Billd's mission, further solidifying the company’s role as an indispensable partner to subcontractors and empowering the organization to continue driving innovation in construction [...]
A Supplier's Perspective on What Strengthens Relationships with Subcontractors
As a subcontractor, you're no stranger to relationship management. You have GCs and owners to consider, but so much of your ability to successfully complete projects depends on having reliable material suppliers. But have you ever thought about the supplier’s perspective on the other side of the deal? How they think, what makes them tick, [...]
The Blueprint for Monitoring DSO, and What to Do When It Gets Too High
In the construction world, working capital is oxygen. Without it, your business suffocates. That's why keeping an eagle eye on your cash flow isn't just smart—it's necessary for survival. Delayed payments are all too common, which is why a solid DSO (days sale outstanding) management strategy might just be the edge you need to stay [...]
Unlocking the Unknown: Quantifying Risk with Subcontractor Supply Chain Finance
In the construction industry, Subcontractors are the ones that make it happen. They coordinate with the GC and other trades, source and procure the right materials, install with skilled trades, and bring the project vision to life. To make it happen, Subcontractors need access to working capital, which is often very difficult because supply chain [...]
How to Calculate the Hidden Costs of Slow Payments & the Cost of Capital in Construction
Slow payments are as certain in the construction industry as “death and taxes.” It’s an unfortunate industry standard that subcontractors have been forced to adapt to, and no one is immune to. They affect even the most experienced and profitable subs, making it difficult to accurately measure cash flow and potentially digging into your bottom [...]
3 Principles to Consider Before Deploying Your Working Capital
Subcontractors have a host of working capital options to choose from: bank lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each purchase. For subs [...]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $25M+ Subcontractors
For subcontractors, surpassing $25M in revenue is a rewarding stage that signifies operational finesse and strong strategic leadership. At this stage, subs find themselves less in the trenches and more focused on steering the company towards continued growth. In the final part of our series, construction consultant Jerry Aliberti from Pro-Accel gives an overview of [...]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $8M – $25M Subcontractors
Moving into the $8-25 million revenue range as a subcontractor marks a crucial phase of strategic growth. Leadership skills and strategy take priority as owners plan for long-term success. We asked Jerry Aliberti, principal at Pro-Accel to share his insights for areas of focus as a sub moves into the $8M to $25M revenue range. [...]
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