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Built with Billd: A people first approach to managing construction

Published: June 03, 2021
Last updated: April 19, 2022
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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. Founders Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance, witnessed the detrimental impact to subcontractors of the longstanding broken payment cycle in construction. Their time in the trades inspired them to launch Billd in 2018, bringing the financial power of Wall Street to the construction job site. Billd's financial and payment products empower subcontractors to bypass project hurdles by providing access to upfront funds to cover their most pressing costs, including materials and labor. Unlike traditional financing outlets, Billd provides flexible lines of credit to accommodate the unpredictability of cash flow in construction, and extends their customers up to 120-day terms to align with industry payment standards. Billd knows traditional credit metrics are poor predictors for risk and has built a variety of industry-specific, proprietary analytic and financing tools to allow subcontractors to stabilize cash flow and more effectively grow their businesses.

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