Billd and STACK Construction Technologies have announced an integration aimed at assisting subcontractors in the construction industry to secure working capital and increase bid volume. This collaboration embeds Billd’s financing solutions into STACK’s Estimating and Takeoff Platform, providing subcontractors with instant access to working capital during preconstruction.

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 added that this integration allows subcontractors to manage project finances proactively.

Subcontractors often face delayed payments for materials and labor. They typically wait 74 days on average after starting a project before receiving payment. The new partnership aims to alleviate these financial challenges by offering access to Billd Connect, a suite of embedded financing apps within STACK's platform. This will help subcontractors reduce cash flow issues by providing upfront funds for materials.

Phillip Ogilby, CEO and Co-Founder of STACK Construction Technologies, commented on the necessity of integrating construction technology: “The integration of construction technology is no longer a luxury—it’s a necessity.” He highlighted how their combined solutions could prevent disruptions caused by late payments.

Billd offers 120-day terms on material purchases which can enhance cash flow for subcontractors. This enables them to undertake larger projects and focus on long-term growth strategies.

Phil Ogilby is available for interviews regarding this announcement. Interested parties can contact Darcie Burroughs at dburroughs@stackct.com for more information about STACK Construction Technologies.