2024 Market Report
Talk to one of our financial experts to see how Billd can help your business grow. 2024 National Subcontractor Market Report Subcontractors: It pays to get paid for the cost of working capital The fourth annual National Subcontractor Market Report is here and the evidence shows that subcontractors who account for the cost of working […]
Navigating Good Debt vs Bad Debt: A Strategic Approach for Subcontractors
Imagine a successful business, thriving with growth and profitability. What comes to mind? Perhaps a strong leadership team, innovative products, or stable, increasing revenue. But what about debt? Contrary to popular belief, debt isn’t always a sign of financial struggle. When used strategically, it can be a powerful tool for accelerating growth, optimizing cash flow, […]
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 […]
Supplier Terms: The Hidden Cost You Didn’t Realize You Were Paying
Supplier terms seem great on the surface, but not so much after looking under the hood. What do we mean by that? Well, as the old adage goes, nothing in life is free, and that includes supplier terms. Most contractors don’t consider terms to be a form of financing, but they are (we’ll unpack that […]
3 Wildly Successful Companies Using Debt to their Advantage (So Why Aren’t You?)
When you think about the features of a successful business, what comes to mind? Impassioned CEOs? Sky high sales? A robust bank account? Whatever you conjured up, we’re willing to bet “debt” wasn’t the first feature on the list. There’s a pervasive myth that only poorly managed companies take on debt. Few notions need to […]
Supplier Terms vs. Material Financing: Why You Should Add Material Financing to Your Working Capital Mix
Every time Billd releases our annual Subcontractor Market Report, we ask subs about their favorite way to buy materials. And every year, a clear favorite emerges: supplier terms. It’s no contest either. In the 2024 report, 92% of subs reported using terms; over 77% use them more than any other option. Suppliers offer a much-needed […]
How to Get the Most Out of Billd During Any Phase of Construction
In recent years, we’ve seen an influx of new tools, software and support for the construction industry. But sometimes there’s a healthy reluctance among subcontractors before adopting new things. There’s a lot to consider: how will a new tool fit with the way you’re already running your business? Is now the best time to start […]
Financial Ratios in Construction: Why Subs Should Be Familiar With Them
Financial ratios are key for anyone wanting a clear and simple view of the financial health of a construction business. They show how a company is performing in important areas such as liquidity, leverage, and financial efficiency. This can be hard to determine from standard financial statements – but financial ratios give a quick and […]
When, Why and How Construction Suppliers Give Better Deals on Materials – And How to Get Them
Material suppliers are the last in line to get paid on any construction project, even behind subcontractors. They aren’t thrilled about their obligation to offer payment terms, but they do it anyway, because they know that subs consider terms essential. And because they’re last to get paid, anything you can do to nurture your relationship […]
