Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Schedule of Values: A Contractor's Complete 2024 Guide
Of all the documents involved in a construction project, the Schedule of Values (SOV) is key for tracking the progress of your work as a contractor, getting paid on time, and (perhaps most importantly) managing your cash flow — especially on larger commercial construction projects. Even if you haven’t created a Schedule of Values yet, [...]
3 Reasons Why You Should Invest In Your Construction Tech Stack
Construction technology is booming, and for good reason. The time and money you save by digitizing your workflows can be invested back into your company’s growth. And, to be clear, tech isn’t something you should only be using to fix problems. You should be using technology to innovate and advance your business, and to [...]
Built with Billd: How prioritizing jobsite safety can help your business thrive | #ConstructionSafetyWeek
Summary We’re all concerned about safety on the jobsite, but have you ever thought about turning safety into a competitive advantage? By making safety a top priority in your business, you can cut insurance costs, hire better (and retain more) employees, and win more bids by demonstrating to GCs that you can reliably finish projects [...]
The Best Way to Approach Change Orders in 2023: Strategic Advice for Subcontractors
Change orders are a routine aspect of construction projects. Subs are awarded contracts with clear expectations. If they're later asked to go outside of the original scope, a change order follows. Change orders are accompanied by additional costs, which the general contractor, owner, architect, or sub may end up being responsible for. When you’re hit [...]
Is That Project Even Worth Estimating, or Should You Walk Away?
When you’re a hard-working entrepreneur running your own business, time is money — and both are in-demand, precious resources. For commercial construction contractors, growing your business hinges on your ability to successfully bid on new and bigger jobs. However, accurate construction estimating takes a significant amount of upfront time and effort (anywhere from hours to [...]
Built with Billd: Part 1 – The key to using financing responsibly to grow your construction business
Summary Growing a construction business is hard – growing it responsibly is even harder. And because financing has had a bad rap from the construction industry for so long, many contractors don’t understand that it can be the best tool to help grow their company. The reality is this: if you find the right financial [...]
Substantial Completion 101: Everything You Need to Know as a Subcontractor
For many construction projects, owners want to begin using or occupying the building as soon as possible — even if there are still minor details that need to be completed. For that reason, many contracts include the term “substantial completion.” Substantial completion refers to when the building can be used for its intended purpose, [...]
Startup Hustle: Construction Entrepreneurship
Summary Billd CEO, Chris Doyle, has been in construction long enough to know that everyone involved in the building process – subs, GCs, suppliers, and even project owners – benefit when processes and expectations are aligned. So, why is it that many of the issues prevalent in construction are often dismissed as “just the way [...]
Better Construction with Sean McStay: Jesse Weissburg – Billd Contractor Financing
Summary On the Better Construction podcast, hosted by Sean McStay, Billd CCO Jesse Weissburg discussed contractor financing and payment terms; specifically, why the construction industry needs new financial solutions, and how Billd is filling those gaps. Jesse starts by diving into why traditional financial institutions have been reluctant to work with contractors – largely because [...]
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