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Built with Billd: The importance of e-commerce in the construction industry

Read time: 5 minutes
Published: January 19, 2022
Last updated: January 10, 2023

Summary

In an industry built on positive relationships, trust, and face-to-face interactions, the idea of buying construction materials online, has been met with a lot of pushback from contractors and suppliers. Before founding BrokreteJordan Latourelle grew up working on construction sites in Quebec, Canada, building concrete foundations with his father. At 20 years old, he opened his own concrete company which he ran for 8 years; however, he always had a hidden passion for technology. When he took a step back and looked at the construction technology space, he realized there was a huge fundamental gap that no-one was tackling.

One of the challenges that Brokrete is addressing is figuring out how to effectively purchase materials online, while still allowing contractors to develop positive relationships with their suppliers. The goal isn’t to change the way contractors and suppliers do business, it’s to make it easier and more efficient.

By moving the purchase of construction materials online, contractors have the flexibility to get real time visibility into material availability and delivery timeframes, communicate with suppliers 24/7, and increase project schedule efficiency. Ultimately, this saves time, eliminates back-and-forth phone conversations, and improves margins because of real time data feedback.

“So many technology companies talk about disrupting an industry, but the most successful companies empower an industry to go further than they did before… E-commerce is empowering the construction industry.” – Jordan Latourelle, Founder, Brokrete

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founded in 2018 by two industry veterans in both construction and finance, Billd’s construction-specific financial and payment products empower subcontractors to overcome the impacts of the longstanding broken payment cycle in construction. Billd offers access to working capital solutions to cover subcontractors’ most pressing costs, including materials and labor, providing flexible credit to accommodate the unpredictability of cash flow in construction. Billd’s patented analytic and financing methodology allows subcontractors to stabilize cash flow and more effectively grow their businesses.

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