BigRentz, the nation’s largest online construction equipment rental network, announces a new strategic partnership with Billd to give customers access to financing options purpose-built for construction materials and labor.
Through Billd, a leader in payments for commercial construction subcontractors, customers receive same-day advances that can be used to hire and make purchases in order to more efficiently complete projects and accelerate business growth.
For a limited time, new participating customers can also receive their next BigRentz equipment rental free when they finance over $25,000 in materials or receivables with Billd.
The initiative is critical for contractors who are taking the brunt of soaring material and labor costs caused by inflation and shortages. A recent report from Billd underscores the extent of this financial burden, finding subcontractors incurred an extra $97 billion in unexpected material and labor expenses last year alone.
As a result, the majority of subcontractors experienced a decline in profitability which stymied opportunities for potential business growth. By offering flexible financial solutions and repayment terms, Billd is helping firms overcome these hurdles in order to focus on delivering quality projects and winning new business.
“This strategic partnership with Billd reflects BigRentz’s commitment to providing comprehensive industry solutions that go beyond equipment rentals and that address the diverse needs of our customers,” said BigRentz CEO Scott Cannon.
Cannon continued, “By working alongside Billd, BigRentz is helping contractors more seamlessly manage their equipment rentals and project finances in order to free up capital and time, which can be used to invest in their companies, deliver quality projects and continue expanding.”
Billd CEO Chris Doyle says his company is on a mission to be the ‘Champion of the Sub’ by providing construction-specific financial solutions and partnerships.
“Whether they’re taking on new projects to grow their business, or adding new equipment to complete projects on time with BigRentz, our partnership helps arm subcontractors with the financial flexibility and working capital they need to do great work,” Doyle said.
Founded in 2012, BigRentz boasts a network of over 6,000 equipment supply partners, spanning 13,900 locations throughout the U.S.
The company’s digital platform simplifies equipment procurement and project management by offering a self-service equipment rental solution, providing customers access to real-time data and reporting, and making it easy to track costs and budgets across multiple projects. Billd, meanwhile, has helped thousands of subcontractors across the United States secure working capital to grow their business.
The Billd partnership comes on the heels of the launch of BigRentz+, a comprehensive solution providing enterprise-level clients exclusive benefits including preferred fixed equipment nationwide pricing, priority delivery, quarterly business reviews and dedicated customer service.
Billd's financial and payment products empower subcontractors to bypass project hurdles by providing access to upfront funds to cover their most pressing costs, including materials and labor. The company provides flexible lines of credit to accommodate the unpredictability of cash flow in construction, and extends their customers up to 120-day terms to align with industry payment standards.
For more information and to take advantage of this limited-time offer, visit www.bigrentz.com/partners/billd.