Gardner Builders Streamlines Project Tracking Process with Billy’s Construction Compliance Software
Gardner Builders is a leading hospitality-focused commercial construction firm with locations in Minneapolis, Duluth, and Milwaukee.
7 Essential Construction Compliance Documents You Should Be Tracking
7 Essential Construction Compliance Documents You Should Be Tracking Construction Compliance Documents You Should Be Tracking Maintaining compliance in construction is crucial for risk mitigation and financial control. Construction document management is extremely important but can often be complex, time-consuming, and prone to errors when done manually and at scale. Automated compliance systems can streamline…
Top 5 Common Construction Compliance Issues in the Construction Industry and How to Solve Them
Almost all development projects around the world rely on construction loans. Navigating the construction insurance industry presents a unique set of challenges, particularly when it comes to compliance and making sure you’re covered. From safety regulations to environmental standards, construction firms must adhere to many laws and guidelines. Non-compliance not only risks hefty fines but…
5 Steps for Managing COIs
Managing certificates of insurance (COIs) in construction can be complex due to the numerous regulatory standards and legal details involved. Oversight can potentially cost you thousands and land you in legal trouble. In the thick of it all, you may find yourself missing vital steps for managing certificates of insurance in construction. This guide will…
Grycon Improves COI Tracking & Compliance Management with Billy
Grycon, a leading commercial construction firm, has been instrumental in shaping Miami’s skyline by constructing some of its first high-rise developments, catalyzing significant developmental growth throughout South Florida.
Broadway Construction Group Improves COI Tracking & Compliance Management with Billy
Broadway Construction Group is a construction management and general contracting firm that specializes in complex residential, hospitality, commercial, and retail projects.
4 Simple Steps to Building a Robust Construction Tech Stack
In 2024, a robust tech stack is no longer a luxury for construction firms—it’s a necessity for staying competitive and profitable. With so many tools and platforms available, building a seamless construction tech stack can feel overwhelming. We’ve broken down the process into four simple steps: By following these steps, you’ll be well on your…
Automate Vendor Compliance: Save Time and Reduce Risk
According to McKinsey, construction is one of the largest industries in the world, with more than $10 trillion spent on construction goods and services. Because of fragmentation and underinvestment in digital technology in business operations such as accounting and compliance, labor productivity has averaged only 1 percent yearly compared to 2.8 percent in other industries. …
Construction Insurance Certificate Holder: Everything You Need to Know
A certificate of insurance has many labels you may need to become more familiar with if you hire vendors and request COIs. In this blog, we will talk about the “certificate holder” and the best way to tackle it for COI management purposes. What is a COI Certificate Holder for Construction Insurance? A certificate holder…
5 Ways to Improve Subcontractor COI Tracking
Are you still tracking your vendors on an old spreadsheet made years ago? Most likely by someone else? With a ton of cells to manually update and complex formulas that may be broken, does your compliance tracking solution feel more like a problem in itself? It’s time to eliminate the headaches and errors of outdated…
Navigating Insurance Requirements for General Contractors: What You’re Missing
General contractors can no longer avoid the maze of insurance requirements and compliances. Misunderstanding insurance requirements can incur costs in the tens-of-thousands to millions of dollars. On an average day, a general contractor handles projects worth millions, makes decisions that impact hundreds of workers, and signs contracts studded with legal jargon. It’s a lot to…
Maximizing Project Efficiency with Procore: Best Practices for General Contractors
When General Contractors sync Procore with compliance tools like Billy, it’s like unlocking a productivity engine for construction projects. With everything in one place and automated compliance checks, managing regulations becomes a breeze, helping projects stay on track. By tapping into this seamless integration, GCs can streamline workflows, cut down on paperwork headaches, and keep…
Ensuring Success: Implementing Comprehensive Risk Assessment Protocols for Construction Projects
First and foremost, let us acknowledge that risk is inherent in any construction project. Risk assessment protocols for construction firms can vary from company to company, and every project presents unique challenges; implementing comprehensive risk assessment protocols is crucial. From unforeseen weather conditions to uninsured vendors and safety hazards, construction projects are inherently risky. The…
Bridging the gap between construction and compliance – Billy API
Billy’s open Application Programming Interface (API) provides the underlying framework for developing applications and custom integrations between Billy and other software technologies. You can expand the functionality of your Billy account by leveraging existing integrations available in your Billy subscription or by developing new applications and customized connections using the Billy API. Introducing the Billy…
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
In a recent update that might stir conversations within the insurance sector, State Farm General Insurance Company, based in Bloomington, IL, has seen a significant adjustment in its financial ratings. AM Best, the global credit rating agency with a focus on the insurance industry, has recalibrated State Farm General’s Financial Strength Rating (FSR) from an…
Are Your Vendors Maintaining the Coverage They Claim?
General Contractors are responsible for ensuring third-party vendors maintain the necessary insurance coverage by requesting a certificate of insurance and the appropriate endorsements. Often this process takes a lot of time and effort to do correctly. It’s not unusual for project teams to spend time communicating the requirements to a vendor, who in turn has…
10 Hidden Costs of Outdated Compliance Processes in Construction
In the fast-paced world of construction, efficiency is paramount. Every delay, error, or inefficiency in your compliance process can lead to significant costs and disruptions.
In this blog post, we’ll delve into the often-overlooked aspects of compliance management, shedding light on ten hidden costs and inefficiencies that might be slowing down your projects.
How Broadway Construction Group Improves Insurance & Compliance Management with Billy
In the fast-paced world of construction, efficiency is paramount. Every delay, error, or inefficiency in your compliance process can lead to significant costs and disruptions.
In this blog post, we’ll delve into the often-overlooked aspects of compliance management, shedding light on ten hidden costs and inefficiencies that might be slowing down your projects.
Mastering Risk Management in Construction
General Contractor CFOs are seen as the financial architects behind the scenes in construction. A less discussed subject is how CFOs help General Contractors navigate the intricate risk landscape. Risk in Construction In the construction world, risks can come in many forms, like projects running late, over budget, accidents, or unexpected events. People in charge,…
Managing Risk Transfer in Construction Contracts
Introduction General Contractors (GCs) play a pivotal role in construction projects, overseeing everything from planning and execution to ensuring compliance with legal and safety requirements. One crucial aspect of their responsibilities is risk management, particularly the risk transfer to subcontractors. In this blog post, we’ll delve into the “Risk Transfer” concept and why GCs must…
How Billy Stands Out as the Top Construction Compliance Management Software
For construction professionals tasked with managing Certificates of Insurance (COIs), the stakes are high. Ensuring compliance, minimizing risk transfer, and avoiding project delays all hinge on having the right systems in place to mitigate risk. While platforms like Billy and MyCOI both promise to simplify COI tracking, not all solutions are created equal. Billy combines…
Navigating Compliance Tracking for Subcontractors on Large Construction Projects
Large commercial construction projects are intricate endeavors that involve many moving parts, each contributing to the project’s overall success. Among these critical components, ensuring subcontractor compliance stands out as a complex challenge. In this article, we delve into the main reasons why tracking compliance of subcontractors on large construction projects can be a daunting task.
The Crucial Role of Certificates of Insurance in Construction Projects
This is an article explaining the important of certificates of insurance. to manage risk on construction projects
Billy Transforms Construction Compliance with Autodesk Construction Cloud Integration
New York, August 19, 2023 – Billy, a pioneer in the emerging Construction Compliance category, today announced an integration with Autodesk Construction Cloud®, a portfolio of software and services that combines advanced technology, a builders network and predictive insights for construction teams. With this new integration, Billy takes a significant leap forward in streamlining compliance…