Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Subcontractor Insurance – What Do You Really Need?
To remain successful and competitive as a commercial contractor, it’s vital to invest in your insurance program, not only to protect your company’s assets (and your own), but also because you need it to land larger, more complex projects that will help you grow your construction business. General contractors and project owners stipulate certain types [...]
Subcontractors: The Ultimate Guide to Financing at Every Stage of Growth
Every construction subcontractor faces the same fundamental dilemma: needing to pay for materials, labor, and general and administrative expenses each month, while not getting paid for completed project work for 60-90 days. No matter how new or established your business may be, cash-flow issues do not discriminate in the construction industry. As a growing construction [...]
Built with Billd: Breaking down the 2021 National Subcontractor Market Report
Summary The inaugural National Subcontractor Market Report examined general outlooks toward business growth & financing in the construction industry. This report was founded upon a survey conducted in March 2021, which queried contractors on their business growth goals, sources of capital they’re using to stimulate growth, and the role of supplier terms play in their [...]
The Construction Estimating Process: A Breakdown for Subcontractors
Growing your business depends on how successfully you bid on a project. In the construction world, it’s especially important to know the “do’s and don’ts” of construction estimating. You want to bid competitively enough to win the project against competing contractors, but high enough to ensure that all project overhead costs will be covered and [...]
The Only Article You Need to Read About Construction Submittals
What Is a Construction Submittal? A submittal is a general term for written information that must be supplied by contractors or subcontractors to the engineers, architects, consultants, general contractor, or other stakeholders on a project. This information acts as proof that the contractor or sub is complying with the construction plans. Based on the submittals, [...]
5 Hidden Material Costs and How to Avoid Them
In these technologically evolving times, subcontractors cannot afford to maintain their traditional ways of managing their business while the rest of the construction market is making dramatic efforts to improve productivity. Subcontractors and self-performing general contractors know profitable construction projects come from a successful blend of labor, material, and equipment management. But, too often, contractors [...]
Change Orders: Different Types, How They Work, and What to Include
Changes to contractual agreements can become necessary at any time during the life of a construction project. Between the signing of the original contract and the completion of work, dozens of changes may be requested regarding the project’s schedule, scope of work and budget. Change orders are the official documents used to make changes happen. [...]
Billd Closes $30 Million Series B Funding Round To Help Solve Cash-Flow Pain Points in Construction
Funding round will support the rapid expansion of material financing, investment in new products, and addition of top industry talent. Austin, TX – Billd, the leading provider of material financing for commercial subcontractors, announced today that it has closed $30 million of funding led by LL Funds, with participation from RJT Credit and Ulysses Management. [...]
Built with Billd: Growing your construction business into larger commercial projects
Summary How do you grow a construction business? According to Matt DiBara, owner of DiBara Masonry, there are two main things every contractor needs to do: create a strong brand that you deliver on every day, and prioritize relationships at all times. In this episode, Matt shares specific examples of how you can accomplish both [...]
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