Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Elevate the Industry- Interview With Jesse Weissburg
Summary When Billd CCO Jesse Weissburg joined Dave Procida on the Elevate The Industry podcast, the pair discussed something every subcontractor needs to know: how to grow your business without digging yourself into a financial hole. As part of his take on “Construction Finance 101”, Jesse talks about how subs can use financing to create [...]
AIA G702 Forms: A Subcontractor's Guide + The 6 Biggest Mistakes That Delay Project Payment
During your time in the construction industry, you’ve likely learned that the process to request payment often varies from company to company and job to job. However, one payment application (or “pay app”) that you’ll encounter repeatedly is the American Institute of Architect’s G702-1992 Application and Certificate for Payment. The G702 form streamlines the [...]
Billd Success Stories: How Plumbing Supplier J. Lorber Found a Better Solution to In-House Payment Terms
For J. Lorber Company, a Philadelphia plumbing and heating distributor with a 100-year history, helping customers find alternative financing options was an opportunity. Given the unpredictable payment cycles in construction, contractors need flexible payment options to purchase their materials. While contractors wait for slow payments to trickle in, cash flow suffers, and that makes it [...]
Built with Billd: The transition to efficient material purchasing – What you need to know
Summary Material management, like many areas in construction, has long been overdue for technological improvement. On this episode of the Built With Billd podcast, Robbie Reynolds (Billd’s Director of Business Development) was joined by Or Lakritz, Co-Founder and Chief Product and Strategy Officer of StructShare. The two discussed the improvements currently being made to [...]
What Is Retainage? Everything a Contractor Needs to Know in 2023
Retainage is a common practice in construction where a portion of funds are withheld from a contractor or subcontractor until the project is completed. Retainage therefore, can have a significant impact on contractor cash flow. In an industry already rife with cash-flow challenges from large upfront expenses and slow, unreliable payment cycles, retainage does nothing [...]
Built with Billd: Construction Technology, Where We Were, Where We Are, Where We’re Going
Summary Construction technology is an evolving ecosystem. On this episode of the Built With Billd podcast, Billd’s Director of Business Development Robbie Reynolds explores the growth of construction tech in the past, present, and the future alongside Procore's Nate Tockerman (Partner Manager) and Kris Lengieza (Sr Director of Global Partnerships & Alliances). In an [...]
The 2023 Guide to Lean Construction for Subcontractors
The most successful contractors, both GC’s and subcontractors, are constantly on the lookout for ways to improve their operations, become more profitable or grow their construction business. To stay competitive in the construction industry, you can’t simply do things the way they’ve always been done — rather, you should strive to do more of [...]
PayPod Podcast: Scott Hawksworth and Chris Doyle, CEO of Billd
Summary Most of the podcast appearances by Billd CEO Chris Doyle take deep dives into the construction industry and how Billd fits. This time, when Chris joined Scott Hawksworth on the PayPod podcast, he zoomed out. The two shared a discussion on construction finance 101 – what it is, why it’s used, and who benefits [...]
Why Construction Notices and Liens Are a Contractor's Best Friend
For contractors, construction notices are the equivalent of taking out an insurance policy on each project. They’re there if you need it, and irrelevant if you don’t. But for some reason, there’s a negative stigma around sending construction notices, and more specifically, liens in general. This is likely due to the false idea that [...]
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