Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Renting vs. Buying Construction Equipment: How to Choose the Best Option for Your Business
Construction equipment sits at the center of an important question: Should subcontractors rent or buy the tools they need? Conventional wisdom might lead you to believe owning is a better strategy than renting. After all, the monthly cost of renting construction equipment is typically 2 to 4 times more than the cost of financing it—and, [...]
Built with Billd: Improving financial visibility in construction
Summary Supply chain issues, labor shortages, and outdated technology negatively impact the financial health of many construction companies. Before co-founding Briq, Ron Goldshmidt realized that the financial technologies available to construction companies were difficult to implement – and, because they weren’t designed specifically for construction, they rarely fulfilled the needs of the industry. Finance teams [...]
Construction Safety: Why it Matters, Top Risks and Helpful Resources
Construction Safety: A Brief History Construction projects—in one form or another—are as old as humanity itself. The same cannot be said for construction safety. In fact, there were virtually no safety measures for physical labor jobs right up until the early 1800s. Real enforcement didn’t come along until the late 19th and early 20th century, when [...]
Pull Planning 101: A Guide for Subcontractors
Construction scheduling has always been a little rough around the edges. Timelines can get dicey, materials get delayed, and red tape often throws a wrench in the payment chain. However, in recent years, contractors have discovered a more efficient alternative to the processes they’ve always relied on: it's called pull planning. Pull planning is a [...]
Billd and Procore Launch Partnership to Transform How Subcontractors Secure Funding and Manage Projects
AUSTIN, Texas, September 08, 2021–(BUSINESS WIRE)–Billd, the leading provider of material financing for commercial subcontractors, today announced a partnership with Procore Technologies, Inc., a leading provider of construction management software. This partnership aims to transform the construction industry by offering contractors a comprehensive solution to secure critical project financing, and to streamline project management and materials [...]
Built with Billd: How outdated labor tracking is hurting your bottom line
Summary Ineffectively tracking your labor productivity can have massive effects on the bottom line of your company. Zach Scheel, Co-founder and CEO of Rhumbix, experienced this issue first hand after spending nearly a decade in the industry. Zach handled project and cost control and worked with the United States Navy Civil Engineer Corp and Bechtel [...]
4 Strategies to Build a Strong Construction Brand: Advice for Subcontractors
When you hear the word “branding,” you may think of conventional marketing fodder, like logos, websites, or brochures. Traditionally, branding encompasses all the visual and tonal elements that allow potential customers to distinguish your company from competitors. For subcontractors, however, your logo and visual aesthetics do little to communicate the worth of your construction brand — [...]
Subcontractors: How to Become Eligible for a P&P Bond
When you’re building a construction business, one of the biggest growth hurdles you’ll likely face is the ability to secure payment and performance bonds, commonly known as P&P bonds. It’s tough to successfully secure a P&P bond when you’re a young construction entrepreneur or still growing your business because you might not have enough financial [...]
Built with Billd: Bringing change orders into the 21st century
Summary Collaboration in commercial construction can have an enormous impact on your finances – especially when change orders are involved. Cameron Page, Founder and CEO of Extracker, knows this all too well. Cameron spent the first 10 years of his career at one of the nation's largest design-build GCs, where he saw that every company [...]
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