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 […]
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 […]
How MCAs Disguise Their Harmful Business Practices
We’re all pretty familiar with MCAs and how they can lead to a cycle of high-interest debt where the only way to repay your loan is to take out a new one. But what you may not know is that MCAs are really good at hiding in plain sight. They lean on deceptive terminology to […]
How To Get Every Dollar You Deserve From Change Order Negotiation
Change orders have always been a hub of disputes and delays for subcontractors. At any given moment, subs can have hundreds of thousands of dollars in unpaid change orders hanging in the balance. Sharpening your negotiation skills can help address these tricky situations and achieve better outcomes. That’s why Billd gathered a panel of construction […]
Subcontractors Need to Request the Prime Contract on Every Project. Here’s Why.
Plenty of subs sign their contracts without ever seeing the GC’s prime contract. It’s not common practice among subs to ask for it, but here’s the thing: it needs to be. Maegan Spivey, a Contracts Manager in the construction industry, is on a mission to get subcontractors in the habit of requesting it any time […]
Construction Contract Negotiation Part 2: How to Protect Your Right to Make a Claim
In part 1, we went over attorney James Carney’s negotiation best practices and high-risk contract areas that can often lead to litigation. In part 2, we’ll explore the passive and active waivers that will determine whether or not you can make important claims on a construction project. How to Maintain Your Right to Make a […]
Hiring vs. Contracting Labor: The Pros and Cons of Each
Amid a massive labor shortage, subcontractors are forced to be more strategic about their workforce than ever. They have a choice between hiring their employees (provided they can find good candidates), or subcontracting with a labor company. Striking a good balance between hired and contract workers can help you run your business more efficiently. There […]