Billd

Every year we survey hundreds of subcontracting executives to bring you insights from the front lines of the commercial construction industry. Today, we're giving away those findings for free in our 5th annual National Subcontractor Market Report. 🚀 You'll discover how industry trends are impacting subcontractors, and the strategies top-performing businesses use to overcome them. Billd is dedicated to the success of America's subcontracting businesses. We're proud to release this report every year so subcontractors can maximize their strategies for growth. Check out this year's report to see how your business stacks up against the most successful subcontractors across the country. Download it for free at the link in the comments.

Last week Billd released our 5th annual National Subcontractor Market Report. Some of this year's key takeaways include: 🚧 GCs think subcontracts get paid in 30 days, but subs report waiting an average of 56 days for payment. 💰 Nearly 3 out 4 of business owners do not regularly take profit distributions from their companies in addition to their salaries, instead only drawing profit when cash flow allows—or not at all. 💸 81% of subcontractors have supplier terms less than their average DSO. This gap highlights why it's so important for subs to have multiple forms of working capital available. 📊 71% of subcontractor business owners report worrying about their business's cash flow. But the biggest takeaway? 💡 Capital-conscious subcontractors are overcoming these industry-wide challenges to win more bids and achieve 41% higher profits compared to their competition. Learn more details about how top-performing subcontractors are getting ahead and staying ahead by downloading the report at the link in the comments section.

Rapid growth can kill a good business. You might think growth means taking on more projects. But real growth isn’t just about being busier—it’s about being more profitable. Grow too fast and you’ll feel it: 👉 Cash flow tanks 👉 Quality slips 👉 Crews burn out 👉 Your reputation takes a hit The difference between scaling and spiraling? A plan—one that your whole team understands. You create this plan by: ✔️ Knowing your key financial ratios ✔️ Choosing the right projects to bid ✔️ Building a strong financial culture ✔️ Keeping your team engaged and invested Don’t let unhealthy growth hurt your business. Discover four ways to achieve healthy growth at the link in the comments.

Our crew of talent continues to expand 🚀 We're growing our sales team and actively hiring Territory Managers and Sales Development Representatives. Billd is consistently ranked one of the best places to work and fastest growing companies in Austin and has been named one of the top construction technology firms for three consecutive years. We offer our team members a flexible vacation policy, parental leave, top of the line health plans, and a dog-friendly workplace in our Austin headquarters. We’re committed to disrupting a $1.5 trillion industry and need the right team in place to do it. If you're driven to empower subcontractors to do the best work of their lives, check out the link in the comments to see all our open positions. 

One advantage subcontractors have when it comes to creating a capital strategy is the variety of options available to them. Subcontractors have traditional options—such as lines of credit, cash, credit cards—and construction-specific financing, including supplier terms. But here's the thing: Having more options doesn't mean you're maximizing your working capital capacity. Every dollar you spend should be backed by the right source of capital. And every form of capital has a right way you should use it. At a recent Meetup, Travis Mayor and Jerry Aliberti provided a strategy for how to strategically deploy your capital. A top recommendation? Deploying your working capital from least to most flexible. Using flexible capital options, like cash and lines of credit, might seem intuitive given how easy or inexpensive they are to use. However, by using your most flexible forms of capital first, you potentially open yourself up to risk. When you use capital from most to least flexible:   🚧 It eats up your easy-to-use capital with non-urgent expenses, which can limit your ability to take on growth opportunities as they arise 🚨 If an emergency strikes, you’re left with only your least flexible options and their limited use cases, which puts your business at unnecessary risk 📉 It affects your overall capital capacity. Maintaining capacity in your flexible working capital serves more purposes than just payment. For example, if you eat up your bank line of credit with project expenses, you limit your bonding capacity For more tips on how to create a strategy before deploying your working capital, visit: https://lnkd.in/gdSMtFGi.  

"As you're growing, you're constantly behind the ball. It feels like you're always pushing cash around." This was the reality for StruktureOne, an Austin-based steel subcontractor, who was bogged down by 12-to-16-week material lead times and delayed payments from GCs before working with Billd. These factors, coupled with their inflexible supplier terms and credit limits, not only made it difficult to stabilize their cash flow, but also prevented them from taking on bigger projects. But partnering with Billd changed everything. Billd created a custom solution for StruktureOne, giving them the financial flexibility their supplier terms alone couldn’t. They not only had a longer timeframe to pay for materials, but they could also start working with new suppliers that previously had limited terms. Being able to work with a wider array of suppliers bailed StruktureOne out of schedule pinches and helped them deliver on-time, every time for their customers. StruktureOne is now on track for 300% revenue growth over the next five years thanks in part to their additional working capital options and stronger relationships with their GCs. For more information on StruktureOne and how working with Billd helped them gain control of their cash flow, strengthen their GC relationships, and work with new suppliers, visit https://lnkd.in/gxVjQaw4.

Material tariffs are here. And if you're a subcontractor, you might be feeling unsure of what steps you can take to protect your business. The good news is there are ways you can safeguard your business and your bottom line. We asked Maegan Spivey, Contracts Specialist at Document Crunch, where subcontractors should focus their attention. Her first recommendation: Review your contracts now. For active projects, check for key clauses like material price escalation clauses, change order eligibility, liquidated damages, and more. Next, talk to your suppliers to discuss price adjustments or whether they anticipate supply chain disruptions. For new bids and contracts: - Limit pricing validity - Your material quotes may only last 30 days, so make sure that's reflected in your bid as well - Qualify your bid to allow for cost adjustments if needed - Negotiate material price protections so you don't get locked into outdated pricing - Push for substitution rights If your initial contract doesn't include these protections, don't be afraid to ask for redlines. Maegan's rule of thumb when asking for changes: Make it easy for your GC to say yes to what you're requesting. The bottom line? Review your contracts now, negotiate where needed, and stay ahead of the uncertainty. Get the full list of recommendatios from Maegan at the link in the comments section.

"It's not just about winning the work; it's about supporting the work." This is just one of the great insights Josh Luebker and Jerry Aliberti shared on our recent Meetup. Together, they discussed how to create strategies and processes that support sustainable growth in 2025 and beyond. If you missed their live discussion, you can watch it now on demand. Get the advice you need to successfully grow your business, including: - How to communicate with your GC as you navigate uncertainty in the market - Technology you should use to help business operations run smoothly - Ways you can choose clients that align with your business's strengths - How to set realistic growth targets - The importance of team alignment to help you achieve your goals Visit the link in the comments section to watch the Meetup on demand now.

New material tariffs are already driving up costs—and the impact on your contracts, bids, and project timelines could be significant. That's why we spoke with Maegan Spivey, Contracts Specialist at Document Crunch, to break down steps you can take to protect your business. She provided an overview of what subcontractors should do now, including: - What key clauses you should review - How to adjust your bids to manage pricing volatility - Proactive steps you can take to avoid delays and disputes Get the recommendations you need to stay ahead of pricing volatility at the link in the comments section.

The right growth strategy can help you build a profitable, sustainable business. The wrong one? It can lead to cash flow disasters, bad projects, and overextended teams—the exact reasons companies go out of business every year. The worst part? Most subs don't realize their business is experiencing unhealthy growth until it's too late. But there is good news: If you can identify the signs of unhealthy growth, you can course correct before it's too late. Join us on March 24 for a live virtual event where Jerry Aliberti and Josh Luebker will expose the 5 unhealthy growth patterns that put subcontractors at risk—and show you how to avoid them. Don't wait until the damage is done. Register now to protect your business and set it up for long-term success.