BigRentz, one of the nation’s largest online construction equipment rental networks, has announced a strategic partnership with Billd to give customers access to financing options purpose-built for construction materials and labor.
Through Billd, 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 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.
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.
As quoted in the official announcement, “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," says BigRentz CEO Scott Cannon.
Providing construction-specific financial solutions and partnerships is part of Billd's mission to be "the Champion of the Sub," explains CEO Chris Doyle. "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," they add.
