Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
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 [...]
Liens 101: A Comprehensive Guide to Construction Liens
Introduction In the construction industry, securing timely payment can be a significant challenge. Projects often involve various moving parts and levels of approvals, which makes it difficult for contractors, subcontractors, and suppliers to ensure they get paid for their work in a timely manner. This is where construction liens come in. Construction liens play an [...]
Avoiding Common Lien Mistakes: A Comprehensive Guide for Construction Professionals
In the construction industry, securing timely payments is a constant challenge. Liens are an essential tool for subcontractors to secure payment for their work. However, the lien process can come with pitfalls that may jeopardize your claim. Even small mistakes can lead to rejection or loss of lien rights. This guide highlights common errors in [...]
Construction Notices: What They Are, How They Improve Cash Flow, and Ways They Enhance Supplier Relationships
A Construction Notice has many names depending on the state where you are working. Some common names are preliminary notice, notice to file a lien claim, notice to owner, notice to contractor, and some slang names like preliens and prelims. They all reference a notice that is mailed or served to parties up the payment [...]
Billd Expands C-Suite to Further Growth and Innovation
Austin, Texas – February 6th, 2024: Billd, the leading provider of commercial financing solutions for subcontractors, is actively bolstering its executive leadership team in response to the company's rapid growth. As the construction industry faces increased demand for specialized financing tools, Billd has appointed Paul Williams as Chief Financial Officer and Allison Dancy as Chief [...]
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