Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Billd and StructShare partner to help subcontractors better manage procurement and cost management
Austin, Texas – Billd, a disruptive payment solution for the construction industry, today announces a partnership with materials management software firm, StructShare. According to a recent Subcontractor Market Report, 63% of contractors claim they pay for materials before getting paid for work, which causes major cash flow challenges for the contractor and causes significant project [...]
5 Steps Subcontractors Need to Take Before Entering a New Geographic Market
As a subcontractor, expanding into new markets can be a reliable method to achieve business growth. You may feel that you’ve penetrated most of the target market in your current geographic territory, and business growth now requires expansion. You may also see an increased need for your services in another city that is showing ongoing [...]
What Is a Notice of Completion and How to File One
What Is a Notice of Completion? A Notice of Completion is a document that establishes the official date that a construction project is considered complete. This is particularly important for parties involved in the project that have construction lien rights, because the Notice of Completion shortens construction lien deadlines. Construction liens protect payments to subcontractors [...]
Billd Success Stories: How Solar Supplier R.E. Supply Found a Better Solution to In-House Financing
“Our mission is to be a partner to contractors, to provide better pricing and help them manage their cash flow. Billd helps us do that. With Billd, we help our customers win the bid, in spite of cash flow. It works really well for our customers and for us.” – RE Supply Leading renewable energy [...]
Notices of Commencements: What It Is and How to File It
What Is a Notice of Commencement? A Notice of Commencement is a document that establishes the formal start date of a construction project and identifies the project stakeholders, such as the property owner, lender, and general contractor. It is filed in the county where the project is located, and it is typically posted at the [...]
Construction RFI Fundamentals: What Subcontractors Need to Know
Request for Information documents (RFIs) are commonly used by contractors in the construction process. This guide provides a brief overview of the RFI’s purpose, application, process and content – and also includes a handy list of best practices to follow. What is the Purpose of an RFI in Construction? The RFI plays an essential role [...]
Built with Billd: A people first approach to managing construction
Summary Construction is a relationship-based industry – we all know that. But are you giving enough time and energy to the relationships inside of your business? By taking a people-first approach to construction management, you can hire better (and retain more) employees, which is especially important given the current skilled labor shortage. Our friends at [...]
The Subcontractor’s Guide to Construction Punch Lists
At some point in every construction project—no matter how large or small—a punch list must be created. That is, a document that shows all the parties involved what tasks need to be completed. Of course, this is easier said than done, especially when there are numerous players involved. What is a Punch List? The term [...]
2021 National Subcontractor Market Report: Statistics on Business Growth & Financing
The inaugural Billd National Subcontractor Market Report provides statistics on 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, capital sources, and how supplier terms influence their financing decisions. Their responses yielded the [...]
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