5 Misconceptions About COI Compliance Tracking

5 Misconceptions About COI Compliance Tracking

Deciding to implement new software and technology within your construction compliance management process can feel overwhelming. From onboarding, to integrating with all your preexisting software, it seems like a daunting task.  At Billy, we completely understand that feeling. As a result, we developed a seamless and intuitive solution for those across the construction industry tasked…

Automate Vendor Compliance: Save Time and Reduce Risk

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.  …

How to Manage, Track, and Verify Insurance for Effective Construction Risk Management

How to Manage, Track, and Verify Insurance for Effective Construction Risk Management

Imagine this scenario: A construction company is building on a tight budget. To keep costs down and ensure the project stays on track, the team relies on manual methods, like tracking insurance in Excel. However, when a subcontractor’s insurance policy expires, it goes unnoticed by the project team, and they fail to request an updated…