Billd National Subcontractor Market Report

The Billd National Subcontractor Market Report is an annual US survey of specialty trade (subcontractor) firms, published by construction-finance lender Billd. Its 2025 edition reported that 64% of subcontractors regularly experience slow payment, 75% front material costs from their own reserves, and 56% have declined work over cash-flow risk. As with other vendor surveys cited here, the direction of the finding is corroborated elsewhere but precise figures are treated as alleged.

Connections

• Global Subcontractor Payment Delays — provides subcontractor-level evidence, source: BuildLedger 2025