Billd and STACK Construction Technologies have announced a new integration that embeds Billd’s financing solutions into STACK's Estimating and Takeoff Platform. This move is designed to provide subcontractors with immediate access to working capital during the preconstruction phase. The companies aim to enable subcontractors to increase their bid volume, secure working capital, and enhance supplier relationships, ultimately facilitating business growth.

Chris Doyle, CEO and Founder of Billd, stated: “We encourage all of our customers to think about working capital availability, and if necessary, financing costs, as early as possible.” He emphasized that this integration allows subcontractors to confidently manage project finances.

Subcontractors in the construction industry often face delayed payments compared to their peers. They typically wait an average of 74 days after starting a project to receive payment. The collaboration between Billd and STACK aims to address these challenges by offering financial solutions through Billd Connect within STACK’s software. This partnership provides subcontractors with accurate estimates and upfront funds for materials.

Phillip Ogilby, CEO and Co-Founder of STACK Construction Technologies, remarked on the necessity of integrating construction technology: “The integration of construction technology is no longer a luxury—it’s a necessity.” He noted that this combination allows subcontractors to focus on core activities without the burden of financial uncertainty.

Billd offers 120-day terms on material purchases, allowing subcontractors improved cash flow management for larger projects and long-term planning.

For more information or interviews with Phil Ogilby, contact Darcie Burroughs at dburroughs@stackct.com.