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Built with Billd: The key to reducing risk on every construction project

Read time: 5 minutes
Published: January 26, 2022
Last updated: November 27, 2024

The construction industry is risky for subcontractors. Project execution falls squarely on their shoulders and a lot of things are out of their control. Subs have no control over the lack of labor availability, rising material prices, and supply chain delays. On this week’s episode of Built with Billdwe sat down with Greg Fry, VP of Marketing at Esub, to talk about what subcontractors need to be doing in order to reduce their risk across construction projects.

From our conversation, one way that subcontractors can do that is by establishing repeatable processes that are consistent across every project. Keeping your processes consistent allows you to reduce the risk of the unknown and ultimately leads to improved margins and faster business growth.

“If you don’t have a single system of recording data and you’re collecting information from multiple different softwares – the risk of losing data is exponentially higher. You need to have all your field data in a single, easy to digest place.” – Greg Fry, VP of Marketing, Esub

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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