Billd

Every year we survey hundreds of subcontracting executives to bring you insights from the front lines of the commercial construction industry. Today, we're giving away those findings for free in the 4th annual Billd National Subcontractor Market Report. You'll read about the industry trends with the biggest impact on subcontractors. Trends that subcontractors faced head-on. In the report, you'll see how your business is stacked up against the most successful growing subcontractors across the country. Billd is dedicated to the success of America's subcontracting businesses. We're proud to release this report every year so subcontractors can maximize their strategies for growth. Download the report for free at the link in the comments!

?? Price volatility for materials on nationwide projects. ?? Constantly fronting material payments 12 to 16 weeks before they arrived onsite. ?? Inflexible supplier terms. Sound familiar??This was the reality StruktureOne founders Michael Herndon and Jarred Craddock faced every day. The steel subcontractor always had their cash tied up in material payments, making it difficult for them to confidently take on larger projects. That was before an industry peer connected them with Billd, who provided a financial solution that was better aligned with StruktureOne's timelines. “It made our lives a lot easier. We were able to better manage?cash flow on certain jobs.” By using Billd, StruktureOne gained the financial flexibility to confidently bid on larger projects, empowering them to build relationships with new GCs. "Having Billd in our corner made us more bullish on chasing projects.” To learn more about StruktureOne and other ways Billd has created solutions for our customers, visit the link in the comments section.

?? The Billd team is looking to expand our crew! We’re committed to disrupting a $1.4 trillion industry and need the right team in place to do it. That's why we're hiring for key roles throughout almost every department. Some of our open positions include: - VP of Engineering - VP of People Operations - Revenue Operations Manager - Territory Managers Some of the perks to working at Billd include flexible PTO, parental and family leave, and a dog-friendly workspace in our Austin headquarters. If you're driven to empower subs to do the best work of their lives, check out the link in the comments to see all our open positions.

As a sub, picking the right or wrong partners to work with can make or break your business. So we tapped Gianluca Pascale, C.Tech P.GSC, a leading GC, for some insider tips on how to identify effective, collaborative contractors. ? For the full guide and examples that will help you execute on his strategy, visit the link in the comments.

"One invoice could decimate our credit line," said Dave Eisenhower, financial manager at Plumb-Tech. Before Billd, Philadelphia-based plumbing subcontractor Plumb-Tech struggled to grow their business due to insufficient supplier terms and maxed-out credit limits. 30 days was not enough time to make payments to their suppliers and they worried slow pay would ruin their supplier relationships. "It closed off avenues to keep us expanding into larger projects." The 120-day terms with Billd allowed Plumb-Tech to pursue larger projects, gain priority from suppliers, and improve relationships with their GCs. Since working with Billd, Plumb-Tech has doubled their revenue. Learn more about Plumb-Tech and how Billd has helped contribute to their success at the link in the comments.?

We can't wait to meet our VP of People Operations—the person who will lead the charge in building a world-class culture and team at Billd. If you're passionate about investing in people and driving a performance culture while having fun, we want to hear from you! Think you’re our person? Hit us up. Let’s build something amazing together. ??

Every year, your subcontracting business starts with a target bottom line and you build a plan to achieve it. And every year you encounter unexpected twists and turns that put your plan (and your bottom line) at risk. So how do you build a plan that is flexible enough to handle the bumps in the road? Kyle Follett CPA, VP of Finance at a top envelope subcontractor, recommends using a trigger points strategy, a revolutionary approach that puts you back in control of your business. His company uses "trigger points" to monitor key variables of their business to identify potential problems and act before something hurts their bottom line. By anticipating potential problems, Kyle's team can make more informed decisions—and protect their profits. Unlock Kyle's specific trigger points by checking out the full article in the comments.

Insufficient terms. Maxed-out credit lines. Slow pay from new GCs. These challenges are enough to weigh down even the most experienced subs. But they don't?have to prevent you from achieving your goals. Just ask Philadelphia-based plumbing subcontractor?Plumb-Tech. Billd's 120-day terms for material purchases empowered Plumb-Tech to take on larger projects, gain priority from suppliers, and improve relationships with GCs. "We don't have to live in survival mode anymore," said Dave Eisenhower, financial manager at Plumb-Tech. Working with Billd allowed Plumb-Tech to overcome these challenges, comfortably take on larger projects, and double their revenue. "If you're looking to take on larger, more profitable projects to become a larger, more profitable company, Billd is the partner for you." To learn more about Plumb-Tech and other ways Billd has helped our customers achieve their growth goals, visit our customer stories page at the link in the comments.?

Every quarter, we dedicate one day to a company-wide event. This quarter, members of the Billd team volunteered at the Central Texas Food Bank. Our team spent the day sorting and prepping produce bags?to distribute to the partner agencies and?communities that CTFB serves, resulting in over 15 pallets of donations. ?? Thank you to everyone at CTFB for having us and all the hard work you do throughout the year to serve the greater Austin community.?

Construction is a risky business. And everyone is trying to pass that risk down to you, the subcontractor. We asked 73 experienced subcontracting executives how they limit risk in their businesses. Here's some of their advice ?? -Implement a limitation of liability cap and mutual waiver of consequential damages -Draw hard contractual boundaries when taking over work for other subs -Add your proposals into the contract as a subcontract exhibit -Make additions in lieu of just redlines to get more changes approved If you want to: -Make your risk management strategy more robust -Gain risk management insights from other trades -Or secure better outcomes in your interactions with GCs Then check out all 13 risk management tips for subcontractors, by subcontractors at the link in the comments.