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Navigating Soaring Costs: Subcontractors Faced $97B Excess Expenses

As the commercial construction industry continues to face challenges related to rising material costs and labor shortages, subcontractors find themselves bearing the brunt of these expenses. In its third annual construction industry market report, Billd reveals alarming statistics regarding the financial burden placed on subcontractors. The 2023 National Subcontractor Market Report sheds light on the …

Fourth Quarter Construction Update: The Good, The Bad, and The Ugly

The construction industry faced many of the same headwinds that buffeted it throughout 2022 in the fourth quarter, including labor shortages, high interest rates, and elevated materials costs, but still exhibited a surprising amount of momentum.

2022 Shows Positive Gains in Hiring and Cash Flows, Contractors are Ramping up for 2023

With the passage of the U.S. Bipartisan Infrastructure Law back in November 2021, many contractors hoped it would usher in a resurgence of new projects as the country embraced a renewed focus on updating and modernizing critical infrastructure across the country.

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