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

Published: May 04, 2021
Last updated: April 19, 2022
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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. 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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