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

Built with Billd: How prioritizing jobsite safety can help your business thrive | #ConstructionSafetyWeek

Read time: 3 minutes
Published: October 18, 2024
Last updated: November 08, 2024

Summary

We’re all concerned about safety on the jobsite, but have you ever thought about turning safety into a competitive advantage? By making safety a top priority in your business, you can cut insurance costs, hire better (and retain more) employees, and win more bids by demonstrating to GCs that you can reliably finish projects in a responsible way. Brian Poage, Construction Support Manager at Raken, joined our Director of Business Development Robbie Reynolds to discuss all of this and more.

In order for you to accomplish these goals, you need to start with proper documentation. To put it bluntly: document everything. Not only will this help with insurance and submitting requirements to GCs (and OSHA, when necessary), it will make it easier to identify areas of your company that need improvement.

In the end, the true cost of safety is much more than the costs associated with employee safety. You also need to consider the GCs you work with, your insurance company, OSHA, employee moral, and so much more.

Safety is far, far wider than just the narrow understanding of: that one individual isn’t going to be able to work for a couple of days… It can be a huge negative impact on the jobsite from a production standpoint; from a moral standpoint; from an overall trust standpoint. Workers are such a valuable part of any construction project. If they feel like their safety isn’t being made a primary focus, that’s a major issue to the project.” – Brian Poage, Construction Support Manager, Raken

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