Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
6 Reasons Your Subcontracting Business Is Struggling to Scale
Growth goals are top of mind for every subcontractor. Subcontractors know where they want to be, and they want to do the work it takes to get there. But piling on projects in the name of hitting a revenue goal can be counterintuitive to success—catastrophic even. Scaling too quickly creates challenges that prevent you from [...]
Billd Partners with Atlas SP Partners on $144 Million Financing Facility to Accelerate Growth for Construction-Specific Financial Solutions
AUSTIN, Texas, December 12, 2024 – Billd, the leading provider of financial solutions for commercial subcontractors, has partnered with Atlas SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, on a $144 million financing facility. “Our partnership with ATLAS marks a significant milestone solving for supply chain finance in [...]
Transactional vs. Transformational: What Real Supplier Partnerships Look Like
The relationship between subcontractors and material suppliers occupies a critical place in project dynamics. These relationships range from purely transactional interactions to true strategic partnerships. For subs, it pays to understand the difference between the two, identify where you fall among your supplier relationships, and make the effort to foster true partnerships with your best [...]
How Subcontractors and Suppliers Can Build Stronger Relationships
The relationship between subcontractors and suppliers can take two primary forms: purely transactional or true strategic partnerships. We’ve unpacked what that difference means, but in this article, we’ll explore the steps that suppliers and subs can take to build stronger, more strategic relationships, which benefit both parties and the industry as a whole. Common Challenges [...]
Stay Ahead of the Game: Why Securing Capital Before You Need It Is So Critical
As a construction executive, you know exactly how unpredictable this industry can be. One minute, you have plenty of cash in the bank, the next, cash flow is so strained that you’re wondering if you have to pass up a massive project or dip into your retirement savings. This is why having and acquiring multiple [...]
Billd Secures $17.5M Funding Round to Supercharge Growth, Expand Product Suite
Austin, TX – October 29, 2024 – Billd, the leading provider of financial solutions for commercial subcontractors, announced its latest investment round today, securing $17.5M in strategic funding. This investment helps accelerate Billd's mission, further solidifying the company’s role as an indispensable partner to subcontractors and empowering the organization to continue driving innovation in construction [...]
A Supplier's Perspective on What Strengthens Relationships with Subcontractors
As a subcontractor, you're no stranger to relationship management. You have GCs and owners to consider, but so much of your ability to successfully complete projects depends on having reliable material suppliers. But have you ever thought about the supplier’s perspective on the other side of the deal? How they think, what makes them tick, [...]
The Blueprint for Monitoring DSO, and What to Do When It Gets Too High
In the construction world, working capital is oxygen. Without it, your business suffocates. That's why keeping an eagle eye on your cash flow isn't just smart—it's necessary for survival. Delayed payments are all too common, which is why a solid DSO (days sale outstanding) management strategy might just be the edge you need to stay [...]
Unlocking the Unknown: Quantifying Risk with Subcontractor Supply Chain Finance
In the construction industry, Subcontractors are the ones that make it happen. They coordinate with the GC and other trades, source and procure the right materials, install with skilled trades, and bring the project vision to life. To make it happen, Subcontractors need access to working capital, which is often very difficult because supply chain [...]
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