Latest Materialsuppliers Podcast Episodes
The key to reducing risk on every construction project
Built with Billd - December 13, 2021 10:00 - 21 minutesThe construction industry is risky for subcontractors because a lot of things are out of their control. Lack of labor availability, rising material prices, and supply chain delays. On this week’s episode, we sat down with Grey Fry, VP of Marketing, at Esub, to talk about how subcontractors can...
You NEED to understand the concept of leverage | Finance Friday
Built with Billd - December 10, 2021 10:00 - 5 minutesLeverage is an extremely powerful tool that can fuel your businesses growth. By using other peoples capital to expand your business, your return on investment is much higher because you're not using your cash on hand to finance the growth; allowing you to reinvest it in other areas of your busi...
Cybersecurity attacks in the construction industry? | Walkthrough Wednesday
Built with Billd - December 08, 2021 10:00 - 8 minutesAccording to NordLocker, construction is the No. 1 industry hit by ransomware. Victims have ranged from multi-billion dollar companies in Asia, all the way down to small family businesses in Texas. Companies are most vulnerable through email, malware - and most recently - siegware through smar...
Why you should rethink debt in construction | Finance Friday
Built with Billd - December 03, 2021 10:00 - 9 minutesYou've probably heard this saying once or twice - "there is no such thing as a free lunch." Somewhere along the line you paid for it; either directly or indirectly. The same applies to your business. It costs money to grow and understanding how to leverage debt responsibly, is the key to long...
Slow payments affect MORE than just the subcontractor | Walkthrough Wednesday
Built with Billd - December 01, 2021 10:00 - 7 minutesSlow payment will cost the construction industry $136 Billion in 2021. Slow payments drastically decrease your cash conversion cycle and make it impossible for you to increase the number of jobs you’re on. When subcontractors are forced to cover the cost of wages and materials before being pai...
How surety bonds can help contractors grow their business
Built with Billd - November 29, 2021 10:00 - 25 minutesIn the construction industry, surety bonds are put in place to ensure a project is completed within the terms of the contract. Contractors who are eligible for surety bonds have greater opportunities to win state, federal, and municipal construction contracts. GC's typically look for subcontra...
How working capital relates to your businesses cash flow | Finance Friday
Built with Billd - November 26, 2021 10:00 - 5 minutesTo understand the health of your business, you need to know how working capital relates to cash flow. Working capital is the difference between your current assets and current liabilities. The larger the number, the more leverage you have to grow your business. However, a lot of contractors a...
What happens when demand exceeds available supply? | Walkthrough Wednesday
Built with Billd - November 24, 2021 10:00 - 6 minutesThe largest federal spending package on roads and bridges in over 70 years has just been passed. $550 Billion dollars will now be going into various infrastructure projects across the United States. However, this new influx of civil work comes at a time when labor shortages are already plagui...
Understanding debt vs. equity financing | Finance Friday
Built with Billd - November 19, 2021 10:00 - 10 minutesWhether you’re just getting started or you’re looking to grow your business, leveraging financing responsibly will help accelerate your growth. There are two main types of financing that you should understand; debt and equity. Based on the current status of your business, one might be more ben...
Challenges with just-in-time inventory | Walkthrough Wednesday
Built with Billd - November 17, 2021 15:12 - 7 minutesThe lean approach to inventory management helps businesses align their inventory with demand. Industries have worked for decades to cut costs by keeping on-hand inventory low, but it requires a careful balance. Just-in-time inventory management has caused major delays in commercial constructi...
How to win more commercial construction jobs
Built with Billd - November 15, 2021 10:00 - 40 minutesIn commercial construction, marketing your business doesn’t come down to typical branding initiatives, like logos, websites, or brochures. You build your construction brand by delivering quality work in the field. However, you can only demonstrate that value once you’ve won projects where you ...
Why the time value of money is crucial to understand | Finance Friday
Built with Billd - November 12, 2021 10:00 - 6 minutesMoney today is worth more now than the same sum in the future. Why? Inflation. Money can only grow through investments, and waiting to invest that same sum is an opportunity cost. Understanding the time value of money helps you make smarter investment decisions by choosing the right projects ...
$550 Billion may soon be headed our way | Walkthrough Wednesday
Built with Billd - November 10, 2021 10:00 - 4 minutesThe $1.2 Trillion infrastructure bill is steps away from the finish line. On Friday, the House of Representatives passed the bill by a vote of 228 to 206; sending the bill to the presidential desk. Should the President sign the bill into law, it will allocate $550 Billion to civil works spend...
Breaking down liquidity, AR, and DSO| Finance Friday
Built with Billd - November 05, 2021 09:00 - 6 minutesA critical aspect of managing your construction business effectively is understanding liquidity ratios and how you can calculate them. Current ratio, quick ratio, and days sale outstanding are important formulas that help you determine the strength and vulnerabilities of your business. These s...
The US and EU have reached a massive agreement | Walkthrough Wednesday
Built with Billd - November 03, 2021 09:00 - 4 minutesThe price for steel and aluminum products continues to increase as demand outweighs available supply. This has forced many contractors to pay a premium for any materials they can scrounge together. However, the US and EU recently reached an agreement to ease the tariffs on these products begin...
How effective labor tracking can improve your margins
Built with Billd - November 01, 2021 09:00 - 23 minutesManually tracking labor across multiple job sites is cumbersome and can lead to decreased margins if data is not recorded accurately. In the US, businesses lose nearly $400 Billion a year from inaccurate labor tracking. On this week's episode, we sat down with Workyard, a workforce management...
Spooky situations in the construction industry | Finance Friday
Built with Billd - October 29, 2021 09:00 - 4 minutesSupply chain challenges, rising material prices, and volatility are creating significant challenges in the construction industry. As a result, supplier price guarantee periods are rapidly decreasing with prices only being locked for 3 - 4 days; compared to 30 days historically. So, what shoul...
Is this a sign that the industry is returning to normal?| Walkthrough Wednesday
Built with Billd - October 27, 2021 09:00 - 5 minutesIt’s no surprise that the construction industry is still facing labor shortages and material pricing surges. Despite these challenges, nonresidential construction starts rose to $281.8 Billion in 2021; compared to $244.1 Billion in 2020. With low interest rates and high levels of liquidity in ...
Breaking: our NEWEST product is finally here
Built with Billd - October 26, 2021 09:00 - 12 minutesPay App Advance is finally here. With a Pay App Advance through Billd, you get paid on your pay app right away to help improve your cash flow and expand business resources. This exciting new product allows you to have more control over your cash flow, eliminate uncertainty in the payment cycle...
Why you NEED to understand this type of credit | Finance Friday
Built with Billd - October 22, 2021 09:00 - 2 minutesLines of credit have historically been based on your company's past financial data. Previous revenue, debt-to-income ratio, profitability, and current cash flow are all taken into consideration. However, it's difficult to take on larger projects if your bank lines are based on previous data ra...
Another indicator of active construction workloads | Walkthrough Wednesday
Built with Billd - October 20, 2021 09:00 - 4 minutesSince the beginning of 2021, the crane count in North America has decreased by 4.5%. Of the 14 largest cities, FIVE have seen a significant decrease in cranes; dropping nearly 30%. High material costs, increased labor shortages, supply chain delays, and inflation could all be to blame. Wi...
Why ALL construction materials should be purchased online
Built with Billd - October 18, 2021 09:00 - 27 minutesIn an industry built on face-to-face relationships and trust, the idea of buying construction materials online, has been met with a lot of pushback. Brokrete, an e-commerce platform for suppliers, is revolutionizing the way the industry purchases materials. When materials are purchased onlin...
How Online Material Ordering Creates HUGE Efficiencies
Built with Billd - October 18, 2021 09:00 - 27 minutesIn an industry built on face-to-face relationships and trust, the idea of buying construction materials online, has been met with a lot of pushback. Brokrete, an e-commerce platform for suppliers, is revolutionizing the way the industry purchases materials. When materials are purchased online,...
Financial challenges that ALL subcontractors face | Finance Friday
Built with Billd - October 15, 2021 09:00 - 5 minutesCash flow restraints are among the most common financial challenges that subcontractors face. Length of the repayment cycle, inadequate supplier terms, lack of support from traditional lenders, and high upfront costs are all to blame. So, how do you overcome these challenges? By having a va...
What is the most valuable construction degree? | Walkthrough Wednesday
Built with Billd - October 13, 2021 09:00 - 4 minutesIn a study done by Bankrate, STEM majors make up EVERY spot on their list of the top 25 highest earning college degrees. With an unemployment rate among college graduates of just 1%, construction services takes second place - surpassed only by architectural engineering. Find out what this mea...
Credit options for each stage of growth, part 2 | Finance Friday
Built with Billd - October 08, 2021 09:00 - 7 minutesDeveloping positive relationships with lenders, suppliers, and general contractors, is essential for sustainable business growth. As your business grows above $5 million in annual revenue, you can begin leveraging these relationships to get preferred pricing on materials, longer terms, and incr...
Is it time to sound the alarm? | Walkthrough Wednesday
Built with Billd - October 06, 2021 09:00 - 6 minutesConstruction projects have become more expensive than ever to complete, with prices rising 27.8% since April of 2020. Although prices of labor, materials, and overhead continue to rise - bids are not reflecting this increase. What should we be doing to proactively approach this decline in pro...
A distributor's point of view: how to create value by leveraging financial tools
Built with Billd - October 04, 2021 09:00 - 17 minutesGrowing too quickly and not having the appropriate resources to sustain growth can quickly become a financial burden on your business. On the other hand, growing too slowly in a changing industry can negatively impact your financials too. So, how can you manage risk AND drive responsible gro...
A distributor’s point of view: how to create value by leveraging financial tools
Built with Billd - October 04, 2021 09:00 - 17 minutesGrowing too quickly and not having the appropriate resources to sustain growth can quickly become a financial burden on your business. On the other hand, growing too slowly in a changing industry can negatively impact your financials too. So, how can you manage risk AND drive responsible growt...
Credit options for each stage of growth, part 1 | Finance Friday
Built with Billd - October 01, 2021 09:00 - 6 minutesEstablishing a large line of credit with a bank needs to be a goal for your business. But, how do you accomplish this goal? You can start by utilizing a credit card. Consistent and responsible usage will help you build your businesses credit. What else can you do? Listen to this week's episod...
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