Press Release: Beti Secures $15 Million in Series B Funding and Rebrands as ‘BiltOn’ to Help Enhance Construction Operations & Risk Management Software and Reduce Insurance Claims
Company Expands Nationally, Enhances Suite of Platform Features NEW YORK, Oct. 22, 2024 /PRNewswire/ — BiltOn, a leading construction operations & risk management software, has announced the completion of a $15 million Series B funding round, along with a rebranding from its former name, Beti. This investment was led by PSG Equity, a growth equity firm specializing in software and […]
Revolutionizing Construction Site Safety with BiltOn
The BiltOn platform revolutionizes construction site safety through a comprehensive system that integrates advanced technologies for real-time monitoring, safety compliance, and operational efficiency. In the rapidly evolving construction industry, the emphasis on safety and operational efficiency has led to the development of comprehensive solutions like the BiltOn platform. This advanced system offers a holistic approach […]
Understanding the Wage Theft Prevention Act: A Guide for General Contractors and Developers
The Wage Theft Prevention Act (WTPA) mandates New York employers to provide clear written notices and maintain accurate wage records to ensure fair payment to workers. It outlines essential details about pay rates, overtime, and employer information that must be shared with employees at hiring and annually. Non-compliance can lead to significant penalties, emphasizing the […]
Reducing Risk in a Sea of Red Tape: How Compliance Software Protects Construction
A short explanation of the importance of COI and permits tracking for general contractors (GCs) and developers in construction: Construction may be about putting up buildings, but it also means navigating immense paperwork critical for licensing before projects ever break ground. Certificates of insurance, permits, safety plans – tracking this documentation thicket across multiple large […]
Five Ways Construction Companies Are Vulnerable To On-Site Liability
In the fast-paced and rigorous world of construction, it’s essential to be on top of every detail, from regulatory compliance and safety protocols to headcount and subcontractor management. In states like New York, builders are under the strict vigil of the Department of Buildings (DOB), while in New Jersey, they need to align with the […]
Empowering Compliance: The New York Wage Theft Prevention Act
Wage theft remains a significant challenge in the American workforce, with an estimated $60 billion lost annually. New York’s Wage Theft Prevention Introduction Wage theft remains a significant challenge in the American workforce, with an estimated $60 billion lost annually. New York’s Wage Theft Prevention Act, enacted in 2011, has been a crucial step towards […]