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 these processes, making construction compliance management more efficient and less stressful. But how do you know…
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…
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…
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…
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. …
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…
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…
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…
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…
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…
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…
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…
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.
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.
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,…
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…
In this guide, we’ll explore how Billy distinguishes itself from MyCOI to help potential buyers make an informed choice. Introduction: In certificate of insurance (COI) tracking software, two prominent players, Billy and MyCOI, offer solutions to streamline their operations. While both platforms aim to simplify compliance processes, it’s essential to recognize the differences that set…
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…
Introduction: At Billy, innovation is the driving force behind transforming the construction industry. Recently, one of our software engineers, Hurricane Hamilton, had the privilege of visiting Alair Homes South Tampa, where he met with Charlene Loveridge, a passionate advocate of our software. As a trusted home builder, Alair Homes relies on Billy to streamline construction…
Introduction: At Billy, we believe every construction project should be built on trust, confidence, and strong partnerships. We encourage our employees to spend time with our partners through a company-sponsored program. Our VP of Insurance, Amit Kalra, recently visited Bittenbender Construction, a women-owned commercial general contractor specializing in cultural, academic, healthcare, corporate, and retail projects….
Introduction At Billy, we are committed to revolutionizing the construction industry through innovative technology and exceptional customer service. Our dedication to customer success team goes beyond the confines of our office walls. Recently, Brittany Page, our VP of Customer Success, visited one of our construction partners, White Construction, to explore how Billy streamlines compliance management…
This is a short article on How to get a surety bond in Oregon for your construction business in a few minutes
This is a short article on How to get a surety bond in Oklahoma for your construction business in a few minutes from Billy Insurance.
Surety bonds are a vital part of the construction industry in Ohio, protecting project owners, general contractors, subcontractors, and suppliers. Surety bonds ensure that contractors will fulfill their obligations and complete their work according to the terms of their contracts. In this article, you will learn: Types of surety bonds in Ohio There are 3…
