Built with Billd Blog
Expert strategies, comprehensive guides, and industry insights for growth-focused commercial subcontractors.
3 Strategies to Strengthen Your Cash Flow, According to a CFO
Every year, construction leaders inevitably run into a scenario where payroll or invoices are due, but cash flow is too tight to comfortably pay them. This uncertainty is all too common in the construction industry, whether you’re a $10M or a $100M sub. However, you can take steps to prevent this from happening. Josh Luebker, [...]
Billd and Habitat for Humanity Help Construct Walls for a Habitat Home on the Steps of the Capitol
Billd was thrilled to sponsor and participate in Habitat for Humanity Texas’ Capitol Build Day. The event, which started in 2019, was held on the steps of the Texas Capitol and hosted volunteers who built wall segments for a home that will be constructed in the Bryan-College Station area. Partnering with an organization like [...]
4 Strategies to Achieve Healthy Growth, According to a Construction Industry CFO
In the construction industry, fostering healthy growth can be tricky, forcing subs to be strategic in how they approach scaling their business. According to Josh Luebker, construction consultant and fractional CFO, the strongest indicators of healthy growth are often your working capital capacity and the culture that supports the company. One reveals your growth potential [...]
How to Calculate Your Working Capital Costs Per Project
Nobody necessarily likes the idea of increasing their bid to account for the cost of capital– some subcontractors might believe a lean bid is more likely to win them work. But as Josh Luebker, construction consultant and fractional CFO, says, your bid coming in high isn’t necessarily a bad thing. It may mean your bid [...]
How to Calculate The Cost of Working Capital Per GC, Based on Average DSO
Subcontractors incur more costs from their clients than they realize. When you use your own working capital to fund projects, things like delayed payments increase the interest you pay on your working capital. To that point, each client costs you something in the form of interest, inflation, and even lost opportunities, but subcontractors rarely recognize [...]
6 Reasons Your Subcontracting Business Is Struggling to Scale
Growth goals are top of mind for every subcontractor. Subcontractors know where they want to be, and they want to do the work it takes to get there. But piling on projects in the name of hitting a revenue goal can be counterintuitive to success—catastrophic even. Scaling too quickly creates challenges that prevent you from [...]
Billd Partners with Atlas SP Partners on $144 Million Financing Facility to Accelerate Growth for Construction-Specific Financial Solutions
AUSTIN, Texas, December 12, 2024 – Billd, the leading provider of financial solutions for commercial subcontractors, has partnered with Atlas SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, on a $144 million financing facility. “Our partnership with ATLAS marks a significant milestone solving for supply chain finance in [...]
Transactional vs. Transformational: What Real Supplier Partnerships Look Like
The relationship between subcontractors and material suppliers occupies a critical place in project dynamics. These relationships range from purely transactional interactions to true strategic partnerships. For subs, it pays to understand the difference between the two, identify where you fall among your supplier relationships, and make the effort to foster true partnerships with your best [...]
How Subcontractors and Suppliers Can Build Stronger Relationships
The relationship between subcontractors and suppliers can take two primary forms: purely transactional or true strategic partnerships. We’ve unpacked what that difference means, but in this article, we’ll explore the steps that suppliers and subs can take to build stronger, more strategic relationships, which benefit both parties and the industry as a whole. Common Challenges [...]
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