Banks as a Financial Option for Subcontractors: Billd’s Take
Softcore mayhem descended on America’s banking system in March 2023, when two big whig banks abruptly closed. Economists like AGC’s Ken Simonson were uneasy, fearing the uncertainty in financial markets could spill into the construction industry. With a lot of folks casting a critical eye on banks, Billd believes that now is a good time […]
A Quick Guide to Maximizing Tax Returns for Subcontractors
Taxes. Everyone’s favorite topic, right? Especially for subcontractor business owners familiarizing themselves with construction industry tax minutiae. But, if you master the details you also avoid leaving money on the table. We want you to squeeze every last cent out of your return, so we sat down with a construction industry CPA to hear what […]
Heavy Timber Construction: A Growing Trend in Commercial Building
Commercial construction often brings to mind visions of sleek buildings made of concrete and steel. However, timber plays an important role in commercial construction. Heavy timber construction is one of the oldest known forms of construction and offers a wealth of benefits, including cost-effectiveness, durability, and sustainability. Below, we explore the basics of heavy timber […]
NFPA 72: A Guide to Fire Alarm System Requirements For Subcontractors
NFPA 72, the National Fire Alarm and Signaling Code, is crucial for electrical subcontractors planning to install or maintain fire alarm systems, as it provides guidelines for ensuring the proper design, installation, and maintenance of these systems. State law prohibits the occupation of any building until the required fire alarm and detection system has been […]
How to Use Your Schedule of Values to Increase and Speed Up Your Pay App: An Industry Vet’s Perspective
As a subcontractor, you work with a schedule of values on every project, but you may not be using it as effectively as possible. In an industry where payment cycles are notoriously long and slow, perfecting your schedule of values can help you expedite payments and even increase them. We spoke to industry veteran Ernie […]
Construction Business Growing Too Quickly? Here’s How to Fix It
So, you think you’re growing too fast. What can you do and how can you avoid it again? The first step in undoing unsustainable growth is to acknowledge you’re growing too fast to begin with. We covered four telltale signs that your construction business is growing faster than you can handle. If you’ve made that […]
4 Signs Your Construction Business Is Growing Too Quickly
There is a saying that “Contractors don’t starve to death, they eat themselves to death.” In other words, sometimes it’s not the absence of work that kills a sub, but piling it on. Still, the promise of “business growth” is everywhere. To a casual observer, it looks like everyone is ravenous for growth. Even at […]
Electrical Control Panels: How to Determine the Right Panels For Your Construction Project
A vital component of any construction project, an electrical control panel regulates and monitors the flow of electricity to all devices and systems in a structure. This can include any electrical elements, from lights and appliances to elevators and air conditioning units. So, how do you determine the right electrical control panels for your project? […]
Types of Electrical Outlets: A Guide for Subcontractors
Each type of electrical outlet serves a specific purpose. There are outlets for high-powered machines, outlets designed for indoor and outdoor use, and outlets that protect against electrical fires. As an electrical subcontractor, it’s important to know the various types of electrical outlets so that you can correctly source and install them in your project. […]