Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Types of Electrical Outlets: A Guide for Subcontractors
Each type of electrical outlet serves a specific purpose. There are outlets for high-powered machines, outlets designed for indoor and outdoor use, and outlets that protect against electrical fires. As an electrical subcontractor, it’s important to know the various types of electrical outlets so that you can correctly source and install them in your project. [...]
Supplier Terms: The Hidden Cost You Didn’t Realize You Were Paying
Supplier terms seem great on the surface, but not so much after looking under the hood. What do we mean by that? Well, as the old adage goes, nothing in life is free, and that includes supplier terms. Most contractors don't consider terms to be a form of financing, but they are (we'll unpack that [...]
A Subcontractor's Guide to Prefabrication: Everything You Need to Know
Prefabrication is one of the most important and fastest-growing trends in the construction industry. It involves the manufacturing of building components off-site, usually in a factory setting, and then assembling them on-site. Prefabricated components are often made from standardized parts that can be assembled quickly and easily. This makes prefabrication an attractive option for construction [...]
Panelization: What Is It and Why You Should Use It In Your Next Construction Project?
Panelization or panelized construction offers a faster, more efficient way to build that is gaining popularity in the construction world. It has been adopted in many parts of the world, as it offers many benefits over traditional construction methods, making it ideal for projects of all sizes. As a subcontractor, you might be wondering if [...]
3 Wildly Successful Companies Using Debt to their Advantage (So Why Aren’t You?)
When you think about the features of a successful business, what comes to mind? Impassioned CEOs? Sky high sales? A robust bank account? Whatever you conjured up, we’re willing to bet “debt” wasn’t the first feature on the list. There’s a pervasive myth that only poorly managed companies take on debt. Few notions need to [...]
Billd Closes $100 Million Debt Facility To Fuel Commercial Subcontractor Business Growth
AUSTIN, Texas, Nov. 1, 2022 – Billd, the leading provider of financial solutions for commercial subcontractors, announced today that it has closed on a $100M debt facility, led by LL Funds LLC, to support the increased demand of its Material Financing and Pay App Advance products, both of which uniquely combat common working capital challenges [...]
3 Key Factors to Consider When Crafting a Winning Construction Bid
By: Larry Bernstein Creating a construction bid should be simple. Arrive at a number that accommodates your profit margin and business goals. When the project comes in, plug in the numbers, and voila, you have your bid. If only, right? Countless factors influence a construction bid. Beyond that, there are different factors a subcontractor can [...]
The Subcontractor's Guide to Beating the Construction Labor Shortage
The words “labor” and “shortage” are inescapable in the construction industry lately. In 2021, the Associated Builders and Contractors Organization reported an additional 430,000 jobs needed to be filled to meet labor demands. This year, that number hiked up to… wait for it… 650,000. With a figure that can’t seem to stop growing, workers’ [...]
How the Billd Team Supports You Every Step of the Way
If there’s one thing that characterizes Billd, it’s exceptional customer support. From the moment you enroll, Billd is by your side, maintaining a solid flow of communication. We work tirelessly behind the scenes to support you — even when you don’t know it. At no point in your Billd journey are you left alone [...]
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