Jesse Weissburg is Co-Founder and Chief Commercial Officer at Billd. Jesse also oversees the Turner partnership as the program executive and supervises all sales, marketing and business development efforts for the Turner Accelerated Payment Program powered by Billd.
With over a decade of business development and finance leadership experience, Jesse previously managed strategic relationships and credit portfolios at Bank of America and oversaw large real estate development investments at MMA Financial. Prior to co-founding Billd, Jesse served as a VP at Dividend Finance, driving sales and business development during the company’s pre-Series A growth ahead of a successful exit. Jesse is a Certified Credit Analyst (CCA) and holds a bachelor’s degree in finance and financial management services.
Chai Nakka is Vice President and Treasurer at Turner Construction Company, where he leads the organization’s treasury function, overseeing banking relationships, liquidity management, capital planning, cash forecasting, investments, and financial risk management for one of the world’s largest construction services companies.
With more than two decades of treasury and finance leadership experience, Chai previously held senior treasury positions at Coty Inc. and First Data Commercial Services, where he developed his expertise. In addition to his corporate career, he served as an Adjunct Professor at Marymount Manhattan College, teaching undergraduate finance courses. Chai holds an MBA in Finance from St. John’s University and a Bachelor of Science in Financial Economics from Binghamton University.
If you are a Turner trade partner, you are among the best of subcontractors who have likely seen slow pay throughout your time in the industry. You know this tension well. 83% of subcontractors worry about cash flow. They report waiting an average of 51 days to get paid by a GC. On mega projects, owner audits, tiered contracts, and documentation requirements stretch that cycle even further.
Here are the actionable strategies from this session. And the resources you can implement right away.
Turner thinks about payment risk in two phases. Knowing both helps you plan your capital strategy on Turner jobs.
Most trade partners treat slow pay as the cost of doing business. That is survivable, but it is not always scalable. The trade partners protecting margin game-plan before mobilization.
Every trade partner runs a capital stack, whether they name it or not. The question is whether you are deploying your most cost-effective, flexible options in the right order for each project.
Turner has run an early pay program for more than a decade. The program addresses the wait between approved work and cash in your account. Enrollment is voluntary. You pay only when you accelerate.
How to enroll in Turner’s Accelerated Payment Program (APP) powered by Billd with just a few clicks.
Subcontractor cash flow, Turner’s payment playbook, reactive vs. proactive capital, and step-by-step enrollment guidance.
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