Build a Working Capital Strategy that Strengthens Your Financial Future:
Blog
/
Podcasts, Press

Built with Billd: The Evolution of Construction Technology with STACK’s Phil Ogilby

Read time: 2 minutes
Published: May 05, 2021
Last updated: November 04, 2022

 

Summary

STACK CEO Phil Ogilby joined Chris Doyle, CEO of Billd, on the Built with Billd podcast to talk about the trajectory of construction technology, as well as its current shortcomings.

Phil begins by recounting how he came into the construction industry as a sheet metal worker in the late 70’s, but the poor economy in the 80’s resulted in him being laid off. Determined to make his way, he began his own roofing company. To assist with takeoffs and estimates, Phil and his 14 year old son designed Buildware Pro, which led to his transition from roofing to technology.

By the early 90’s, the dot com boom was in full force. Phil began building a solution that would allow GCs to distribute invites to subcontractors to bid on the internet for jobs. After gaining an investor, iSqft was born.

While Phil was satisfied with the company and the work they produced, he was yearning to run his own show again, so he sold his shares and started STACK in 2013. STACK is the first cloud-based solution for takeoffs and estimating combined. It’s a powerful set of tools that impacts the contractor’s top line more than anything else.

COVIDI-19 has forced a lot of companies that were once hesitant to adopt new technology, to explore options that allow them to work from home. Phil predicts that this shift will make cloud-based software a requirement for construction companies moving forward.

“When you’re doing something brand new and you’re one of the pioneers, you take a lot of arrows. That’s part of the journey” – Phil Ogilby

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.

Learn More

Are you ready to unlock more working capital for your business?

Related posts