Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
What Is Integrated Project Delivery, and Is It Suitable for Your Project?
Just 2% of construction projects are completed on time and on budget. This encouraged construction professionals to develop new, more efficient project delivery methods. We’ve explored a few of these, like pull planning, value engineering and lean construction. One of the most popular project delivery methods that has emerged is Integrated Project Delivery. Here, we’ll [...]
Workmanlike Manner: What It Actually Means and What Subcontractors Need to Know
As a contractor, you’ve undoubtedly encountered the phrase "workmanlike manner" in your construction contracts. It’s an admittedly vague term used to describe completed work that meets the standard recognized in your industry – work that could only be completed by a skilled workman in your trade. However, industry standards aren't always uniform, and clients may [...]
When, Why and How Construction Suppliers Give Better Deals on Materials – And How to Get Them
Material suppliers are the last in line to get paid on any construction project, even behind subcontractors. They aren’t thrilled about their obligation to offer payment terms, but they do it anyway, because they know that subs consider terms essential. And because they’re last to get paid, anything you can do to nurture your relationship [...]
Billd Solidifies Portfolio of Patents and Trade Secrets on Proprietary Processes for Innovative Financing Solutions for the Construction Industry
Austin, TX, Feb. 22, 2022 – Billd, the leading provider of material financing and other payment solutions for commercial subcontractors, has solidified its growing portfolio Intellectual Property (IP) through Patents and Trade Secrets through collaboration with ipCapital Group Inc., a leading intellectual property strategy consulting firm. The company will leverage its patent portfolio for protection [...]
Stop Work Orders: How Construction Subcontractors Should Approach Them
Long before work can begin on a construction project, the owner and the contractor must acquire a building permit from the local government. As subs are well aware, this document sets forth all rules and regulations about the construction of any property under their jurisdiction. That said, local governments have the authority to intercede on [...]
Billd’s Take: The Rabbet 2021 Construction Payments Report
There is a staggering cost associated with slow payments in the construction industry. Rabbet’s annual Construction Payments Report found that there was $136 billion of additional construction costs caused by slow payments in the United States alone. At Billd, we believe that slow payments are one of the construction industry’s most significant issues. This article [...]
Construction Contracts: What You Should Look Out For Before You Sign
The following blog was written to summarize a Built with Billd podcast held in May 2020, in which we interviewed Ernie Adams of Southwest Construction Services. This article is not meant to serve as legal advice, and the opinions expressed are those of the interviewee. Construction contracts are often crowded with legal jargon that can [...]
Shop Drawings 101: What Subcontractors Need to Know
As all subcontractors know, every impressive building you see around you has undergone rigorous processes to become what it is today, each with its own set of specifications and measurements, meticulously planned and reviewed on paper. Before breaking ground, ample paperwork must be completed, including initial plans and drawings. This includes sketches, detailed drawings, as-built [...]
Construction Budgeting: How to Create, Manage & Analyze Project Budgets
Knowing how much you’re going to spend on a construction project, when you’re going to spend it, and what you’re going to spend is critical to the profitability of your business. Your budget on any given construction project should be driving your project's timeline, and your business’s success. What to include in a construction project [...]
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