The KPIs that Subcontractors Need to Look at in 2024 and Beyond
The construction industry can be unpredictable, which forces subcontractors to adapt. This includes adapting the Key Performance Indicators (KPIs) they use to measure the performance of their business. At any point in the year, it’s worth reassessing the health of your current KPI dashboard to gauge whether it’s giving you an all-encompassing look at your […]
How to Build Fail-Safe Revenue Targets for 2024
If you’re looking to grow your subcontracting business, it can be tempting to set a 20% or 30% goal and immediately start bidding on the projects required to make it happen. But in Clay Young’s 30 year experience as a subcontracting Chief Estimator, then Managing Partner, then Owner, anything less than a rigorous, long-term forecasting […]
What Happens When a GC, a Subcontractor and a Developer Get Candid: The Billd Roundtable
Many aspects of construction are well understood, prevalent and in need of improvement – but it’s rare to take a step back from high-pressure projects to discuss them honestly. When Billd launched their Roundtable series, they wanted to break down those communication barriers, inviting a GC, a subcontractor and a developer to get real about […]
3 Ways to Strengthen Your Procurement Process in Any Market
Procurement is a vital component of running a successful subcontracting business. When you’ve been around long enough, you know that strong vendor relationships can carry you through tough times and save you from lost productivity. And with supply chain issues and material price hikes, dialing in procurement is more important than ever. In the last […]
5 Ways Every Commercial Subcontractor Should Be Using ChatGPT and the Prompts to Get You Started
Machines have always been a driving force of innovation in construction, but AI has ushered in an era all its own. ChatGPT is arguably the biggest name in AI right now, but we’re sure you’ve heard enough about it – now let’s get to the good stuff: how to use it. To give you a […]
How to Master Your Financial KPIs with The Trigger Point Strategy
Every year you start with a target bottom line and build a plan to achieve it. And every year tens of unexpected twists and turns – both in your control and outside of it – put that plan (and your bottom line) at risk. So how do subcontracting executives build a plan that is flexible […]
A GC’s Perspective: Meet the GC Who Thinks Emotional Intelligence is Construction’s Greatest Shortage
Call it ironic, but the industry that builds and fixes things may be in desperate need of a renovation. At least, that’s what Gianluca Pascale, former CEO of Centrecon Inc. (a construction management firm), and now Head Curator of the Constructors Guild™ (the premier construction professionals’ platform, where High-Level Construction Experts converge to unlock their […]
Why is Everyone Talking About AI? An Introduction to a Tool That Will Change the Construction Industry
Artificial intelligence, or AI, has always held a special place in the human imagination. Since The Jetsons hit the airwaves, we’ve eagerly awaited the arrival of machines that can think and act like us. Or, if you’re a Terminator fan, dreaded it. Well, for better or worse the AI-enabled future is here, knocking at the […]
Job Costing 101: Must-Know Concepts for Every Contractor
This is a guest post from Knowify, a Billd partner. Knowify empowers subcontractors with insights to manage their finances, teams, and projects more effectively. With Knowify, you can handle your budgeting, bidding, job costing, invoicing, and much more – all in one place. Job costing is an essential component of any contractor’s business. Critical to […]
