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Built with Billd: A people first approach to managing construction

Read time: 5 minutes
Published: June 01, 2022
Last updated: January 10, 2023

Summary

Construction is a relationship-based industry – we all know that. But are you giving enough time and energy to the relationships inside of your business? By taking a people-first approach to construction management, you can hire better (and retain more) employees, which is especially important given the current skilled labor shortage. Our friends at Bridgit are experts at helping contractors develop people-first strategies. Bridgit CEO Mallorie Brodie joined our own Robbie Reynolds for this episode to discuss how you can do just that.

This process starts with understanding that people are what drive the success of projects, and that assigning the right people to the right job can make or break your performance. While it’s important to trust your gut when assigning teams, disregarding data means you may miss out on putting together the best team for the job. And the sooner you start collecting this data, the better.

A long-term commitment to people-first management can even change your bidding strategy. By better understanding your workforce, you can understand which projects you are most qualified for; which projects you can complete most efficiently; and which projects, ultimately, will be the most profitable for your business.

Ultimately, people are what drive the success of projects. And it was something that was really coming down to the gut feel of operations managers thinking about their teams, and the best team to put forward on projects, rather than a more data-driven approach… People – who are really powering the industry – the data around people was really getting overlooked.” – Mallorie Brodie, CEO & Co-Founder, Bridgit

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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