Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
The 3 Obstacles You’ll Experience When Growing Your Subcontracting Business And How to Tackle Them
In the 1980’s, a young man in his early 20’s decided he needed to make money. He picked up a rake and a bucket, and began knocking on doors. “For $20, I’ll clean up your yard.” He’d offer, and sometimes, the homeowners would accept. This man would go on to build a multimillion dollar landscape [...]
The Best Construction Podcasts In 2023
Whether you want to make your commute more productive or tune into something engaging and educational on the job site, podcasts are a great option. Construction podcasts can help you track the latest news, learn tactical tips and tricks, and become a more informed, well-rounded construction professional. But what podcasts should you start with, or [...]
Why Are Low Bids Chosen? An Honest Assessment of Hard Bid Projects
By Larry Bernstein LinkedIn Every subcontractor has second-guessed themselves after crafting and submitting a bid. Were you too bold? Was the bid too high? Or did you undervalue your services? Was the bid far too low? e GC resorts to one single criterion to pick a sub: Price. Rather than considering reputation, skill level, approach [...]
Connected Construction 101: Why It’s the Future of the Industry
As a subcontractor, you know how difficult it is to manage construction projects. You need to bring together suppliers, equipment, materials, and labor within an estimated budget and timeline. Managing workflows by hand can often lead to client dissatisfaction, budget overruns, delays, reduction of profit, and additional costs for project stakeholders. According to the 2022 [...]
The Subcontractor’s Strategy to Exceed $10M in Revenue: Part 3 – Perfect Your External Presence
The final part of this 3-part series from Billd will outline the steps every sub should take regarding their external processes, and their market presence at large. We previously dove into the delicate balance of your internal processes, and why you need to take the time to carefully perfect your internal structure before you can [...]
The Subcontractor’s Strategy to Exceed $10M in Revenue: Part 2 – Refine Your Internal Processes
In this 3-part series from Billd, we’ll continue to unpack the strategies that subcontractors can adopt on their way to $10 million or more. To ensure your business is ready for exponential growth, it is essential that you put in place scalable processes for the internal aspects of your business — that is to say, [...]
The Subcontractor’s Guide to Exceeding $10M in Annual Revenue: Part 1 – Build Your Financial Game Plan
If you’re growing a subcontracting company, it’s only natural that you have your sights set on hitting 8 figures in revenue. To grow beyond $10M in revenue, subcontractors need to be ambitious, methodical, and above all, consistent about pursuing business growth. In this 3-part series from Billd, we’ll explore how to approach the nuanced decisions [...]
2022 National Subcontractor Market Report: How Labor Shortages & Market Volatility are Impacting Subcontractors
Billd has released the second annual National Subcontractor Market Report. Last year’s report honed in on the financial reality of subcontractors. Despite having just emerged from a pandemic, last year’s market conditions were perceptibly calmer — even if financial options were (and always have been) tight. This year told a different story. A volatile market [...]
Financial Ratios in Construction: Why Subs Should Be Familiar With Them
Financial ratios are key for anyone wanting a clear and simple view of the financial health of a construction business. They show how a company is performing in important areas such as liquidity, leverage, and financial efficiency. This can be hard to determine from standard financial statements – but financial ratios give a quick and [...]
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