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Built with Billd: Bringing change orders into the 21st century

Published: August 23, 2021
Last updated: April 19, 2022
Read time: < 1


Collaboration in commercial construction can have an enormous impact on your finances – especially when change orders are involved. Cameron Page, Founder and CEO of Extracker, knows this all too well. Cameron spent the first 10 years of his career at one of the nation’s largest design-build GCs, where he saw that every company hired on a project had their own internal-facing financial softwares. For change orders, this meant tracking everything through emails, spreadsheets, and carbon copy paper out in the field – leading to broken, disorganized change order tracking.

While we all know that change orders can be a pain, they also carry a hidden cost. You may not get paid for the change in scope until the project is complete (or long afterwards), meaning subcontractors effectively finance much of the project. Cameron recognizes the impact this has on contractors. His reasons for founding Extracker include speeding up processing times, increasing profits, and maintaining better customer relationships.

“ The change order process is pretty standard in the industry, but how companies actually document change orders and communicate them with their clients is different with almost every single company. There really is a lack of a standard in the industry.” – Cameron Page, Founder & CEO, Extracker

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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