Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
Engineering the Capital Stack: What Subcontractors Need, When to Secure It, and When to Use Your Cash
Every commercial subcontractor creates a capital stack made of different forms of working capital to cover the business’s expenses. The most common forms of capital in a subcontractors’ capital stack are cash, supplier terms, and bank lines of credit. However, what separates reactive subcontractors from forward-thinking subcontractors is both the diversity and the capacity they [...]
5 Key Considerations Before Implementing a GC Early Pay Program
Early pay programs are gaining serious traction among general contractors looking to improve margins, reduce project risk, and offer subcontractors a meaningful financial advantage. But launching a successful program isn’t as simple as flipping a switch. A successful early pay program requires clear rules, structured processes, and thoughtful planning to ensure payment predictability. Before going [...]
How Subcontractor CFOs Can Build a Cash-Flow-Forward Culture
Winning projects is only part of the battle to create a resilient construction business. As Luke Boyenger, fractional CFO and owner of Cruzumi CFO & Advisory, said during our Subcontractor CFO Series virtual event, “We are in the business of generating cash flow. The project is not done until we’ve actually collected the cash.” To [...]
Understanding Auction Pricing in GC Early Pay Programs
Early pay programs are gaining traction in construction as general contractors seek ways to improve their margins and support subcontractors’ cash flow, thereby minimizing project risk. However, the structure of the early pay program can significantly affect whether subcontractors actually participate. Early pay programs can be priced in several ways, including fixed-rate, time-based, negotiated, and [...]
Why In-House Early Pay Programs Struggle and How GCs Can Course Correct
For general contractors, launching an early pay program is a strategic investment in your supply chain. The goals of your program are straightforward: generate margin, help subcontractors improve their cash flow to de-risk projects, and differentiate your company as a GC that actively supports its trade partners. Whether your early pay program is managed manually through [...]
The Keys to Successful Early Pay Program Implementation (Part 5): Selecting the Right Partner
Before general contractors decide to implement their own early pay programs, they need to identify the program’s objective, select a funding strategy, develop a plan for subcontractor adoption, and establish clear and consistent processes around invoice processing. The final step to take when implementing a new early pay program is to decide on a partner [...]
Billd Named No. 2 on Forbes' List of America's Best Startup Employers for 2026
Recognition Highlights Billd’s People-First Culture and Mission to Transform Construction Finance AUSTIN, TX – March 11, 2026 – Billd, the leading provider of financial solutions for commercial subcontractors, announced today that it has been ranked No. 2 on Forbes’ 2026 list of America’s Best Startup Employers out of 20,000 companies nationwide. Forbes’ America’s Best Startup [...]
The Keys to Successful Early Pay Program Implementation (Part 4): Build a Foundation for Invoice Processing
Many GCs are implementing early pay programs. However, the best ones increase margin, create additional revenue streams, and strengthen relationships across their subcontractor base. Getting there requires more than good intentions—it requires building the program correctly from the start. That’s why we created this series about the keys to successful early pay program implementation. These [...]
The Keys to Successful Early Pay Program Implementation (Part 3): Develop a Plan for Subcontractor Adoption
Clear objectives and a sustainable funding strategy are important considerations for a successful GC early pay program. However, they are only the beginning. The gap between a well-structured program and a high-performing one is almost always adoption. Subcontractors must be educated, engaged, and guided through the decision to participate—a process that doesn’t happen on its [...]
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