Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
How to Calculate the Hidden Costs of Slow Payments & the Cost of Capital in Construction
Slow payments are as certain in the construction industry as “death and taxes.” It’s an unfortunate industry standard that subcontractors have been forced to adapt to, and no one is immune to. They affect even the most experienced and profitable subs, making it difficult to accurately measure cash flow and potentially digging into your bottom [...]
3 Principles to Consider Before Deploying Your Working Capital
Subcontractors have a host of working capital options to choose from: bank lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each purchase. For subs [...]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $25M+ Subcontractors
For subcontractors, surpassing $25M in revenue is a rewarding stage that signifies operational finesse and strong strategic leadership. At this stage, subs find themselves less in the trenches and more focused on steering the company towards continued growth. In the final part of our series, construction consultant Jerry Aliberti from Pro-Accel gives an overview of [...]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $8M – $25M Subcontractors
Moving into the $8-25 million revenue range as a subcontractor marks a crucial phase of strategic growth. Leadership skills and strategy take priority as owners plan for long-term success. We asked Jerry Aliberti, principal at Pro-Accel to share his insights for areas of focus as a sub moves into the $8M to $25M revenue range. [...]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $2M – $8M Subcontractors
As subcontractors scale, they encounter new problems, new opportunities, and more operational changes. Billd sat down with seasoned construction professional turned consultant Jerry Aliberti, who offers consulting services through his firm Pro-Accel, to discuss different challenges subs encounter as their businesses grow in size and revenue. Aliberti shared insights based on his experiences and provided [...]
4 Reasons Why You Should Use Financing – Even If You Have Cash in the Bank
Being financially stable is all about your cash flow, how you manage risk, and the working capital options you use to run your business. A working capital stack that includes cash, bank lines of credit, material financing, and supplier terms allows you to pull from different sources of capital based on your business’s specific needs [...]
5 Billing Strategies to Secure Larger Payments, Faster & How to Get GCs to Buy In
In a market with infamously long payment timelines, it’s crucial for subcontractors to think strategically about how they collect payment. An airtight billing strategy can help you secure more money in a shorter time frame. To help subs do just that, we sat down with Josh Luebker, a construction industry coach and fractional CFO for [...]
National Subcontractor Market Report Shows Subcontractors Who Account for Working Capital Costs See 11% Higher Profits
Despite these gains, less than half of subcontractors account for such costs. AUSTIN, TX — April 24, 2024 – Billd, the leading provider of customized financing for commercial subcontractors, announces today the release of the 2024 National Subcontractor Market Report, the fourth annual edition of this report. Billd surveyed nearly 700 commercial construction professionals across [...]
The KPIs that Subcontractors Need to Look at in 2026 and Beyond
The construction industry can be unpredictable, which forces subcontractors to adapt. This includes adapting the key performance indicators (KPIs) they use to measure the performance of their business. At any point in the year, it’s worth reassessing the health of your current KPIs to evaluate what you've attained and gauge whether your KPIs are giving [...]
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