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 technology-enabled services, with additional participation from Titan Capital and 97212 Ventures.

As part of this funding, Jeff Wilpon, founding partner and CEO of Sterling Project Development, has joined BiltOn’s advisory board. Wilpon brings extensive experience in overseeing more than $10 billion worth of construction projects across various sectors.

Platform Growth and Capabilities

Since its founding in 2018, BiltOn has rapidly expanded its platform to empower owners and general contractors in managing workforce, safety, and compliance during the construction process. With both web and mobile accessibility, the platform offers a range of tools, including 3D facial recognition for workforce verification, automated time tracking for payroll, daily logs, incident reporting, safety checklists, permit management, and certification tracking. These features aim to centralize data and improve project oversight, helping users navigate complex regulatory requirements.

Expanding National and Global Reach

Currently, BiltOn supports over 1,200 construction companies across more than 3,000 active job sites globally. The platform serves a wide range of construction verticals, including civil, industrial, commercial, residential, and healthcare sectors. Since launching in the U.S., the company has experienced growth and expanded its team to more than 70 employees. Among its clients are some prominent general contractors such as Consigli, Rudin, Hunter Roberts, SD Builders, and OKO Group.

“We’re thrilled to further our investment in BiltOn as they expand their operations across the U.S. and continue to bring valuable solutions to the construction industry,” said Ronen Nir, Managing Director of PSG Equity.

Comprehensive Solutions for Risk and Compliance

BiltOn’s suite of tools is designed to help support smoother workflow management, enhance safety monitoring, and streamline compliance processes. The platform’s proprietary risk scoring system helps contractors manage potential risks on-site, offering real-time insights into workforce activity, permitting, and project safety. Although outcomes may vary, these capabilities are intended to assist in mitigating risks and improving overall project efficiency.

“We believe BiltOn’s technology is transforming the way owners and general contractors manage compliance and project efficiency. By providing real-time data and automation, we’re helping contractors navigate the complexities of construction site operations with more confidence,” said Omer Slavin, founder, and CEO of BiltOn.

Technology Integration and Industry Impact

BiltOn integrates seamlessly with widely used construction management tools such as Procore and Autodesk. The platform also complies with New York City Department of Buildings standards, offering a streamlined approach to managing project data and meeting regulatory requirements. While not guaranteed, BiltOn’s technology is designed to assist in reducing site risks, lowering insurance claims, and improving Experience Modification Rates (EMR) scores. The company’s reach has expanded from its roots in New York City to projects across the U.S. and globally.

About BiltOn
BiltOn is a construction operations & risk management software platform that empowers owners and general contractors to track and manage labor, safety, and compliance challenges during construction and in the future. Only BiltOn provides the ability to guarantee that only the people who are supposed to be on the jobsite are, how long they’ve spent on-site with automated daily work and safety logs, and compliance with all safety regulations. Reduce the risk of all types of litigation, including wage theft, safety, and permitting compliance. For more information, please visit https://bilton.tech/.

About PSG
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 140 companies and facilitated over 500 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid, and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.

The post 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 appeared first on BiltOn.

In the rapidly evolving construction industry, the emphasis on safety and operational efficiency has led to the development of comprehensive solutions like the Beti platform. This advanced system offers a holistic approach to enhancing site safety, ensuring compliance with regulatory standards, and potentially reducing insurance premiums through improved risk management.

Comprehensive Monitoring and Instant Alerts

The Beti platform integrates advanced sensing technologies, including GPS, RFID, and Bluetooth capabilities, to provide real-time monitoring of all site activities. This enables construction managers to ensure that personnel are safe, avoid high-risk areas, and receive instant alerts in case of any safety incidents. This immediate response capability significantly increases worker safety and helps prevent accidents before they occur.

Enhanced Safety Compliance

Beti’s solution includes features that store and manage essential safety certification and compliance data, making it easier to adhere to strict safety protocols. Real-time data capture facilitated by the platform is invaluable during compliance audits, providing clear and actionable insights that help maintain stringent safety standards across the construction site.

Potential Reduction in Insurance Premiums

One of the significant advantages of implementing a comprehensive safety management system like Beti is the potential for reduced insurance costs. By proactively managing safety risks and demonstrating a commitment to maintaining high safety standards, construction projects can negotiate lower insurance premiums. This proactive risk management not only enhances worker protection but also offers substantial financial benefits.

Streamlining Operations for Greater Productivity

Beyond safety enhancements, the Beti platform optimizes site operations through automation of key processes such as worker attendance and access control. By minimizing the need for manual interventions, the platform enhances operational efficiency, reduces the potential for human error, and speeds up project timelines, contributing to overall project profitability.

User Adoption and Feedback

The success of any new technology hinges on its adoption by end-users. The Beti platform boasts high acceptance and satisfaction rates among construction workers and managers, underscoring its effectiveness in improving site safety and operational efficiency. Positive feedback from users further validates the platform’s value, with many noting significant improvements in both safety measures and productivity levels.

Conclusione

As a cutting-edge solution in construction management, the Beti platform sets new standards for safety and efficiency. Its comprehensive approach to managing and mitigating risks on the construction site not only safeguards workers but also boosts overall project performance. As the industry continues to advance, such innovative solutions will likely become essential components of construction projects worldwide, heralding a new era of digital construction management.

The post Revolutionizing Construction Site Safety with the Beti Platform appeared first on BiltOn.

Understanding the Wage Theft Prevention Act: A Guide for General Contractors and Developers

Introduction

The Wage Theft Prevention Act (WTPA) is a crucial statute that has been implemented to ensure that workers are paid fairly for their labor. This act has significant implications for general contractors and developers who are engaged in various construction projects throughout New York. Understanding and complying with this act is not only a legal obligation but also a moral one to ensure fair treatment of workers.

Key Provisions of the WTPA

The WTPA requires employers to provide written notices to their employees about their pay rates and other essential wage information. Here’s what you need to know:

Notice Requirements: At the time of hiring, employers must give each employee a written notice containing the pay rate, overtime pay rate, payday, employer’s official name, and other business names (DBA), and the contact information of the main office. This notice must be provided in English and the primary language of the employee if available. More about pay rate notice.

Annual Statement: Employers are also required to provide an annual statement with the same information, ensuring ongoing compliance and transparency.

Record Keeping: Employers must keep accurate records of the hours worked and wages paid to employees. This is vital for both compliance and for defending against any potential claims of wage theft.

Legal Implications

Failure to comply with the WTPA can result in severe penalties, including fines and legal action. The act also strengthens protections for whistleblowers, encouraging employees to report any discrepancies in pay without fear of retaliation.

SEO Strategies for Enhanced Visibility

To ensure that your stakeholders are well-informed about the WTPA and its implications, consider implementing the following SEO strategies:

Keyword Optimization: Include relevant keywords throughout your online content, such as “Wage Theft Prevention Act,” “construction wage compliance,” and “New York labor laws.”

Quality Backlinks: Link back to authoritative sites such as the New York Department of Labor and legal advice websites like Lipsky Lowe LLP to provide your readers with detailed information and to improve your site’s authority.

Regular Updates: Keep your content updated with the latest changes and interpretations of the WTPA to keep your audience informed and engaged.

Conclusion

Compliance with the Wage Theft Prevention Act is essential for maintaining fair labor practices and avoiding legal issues. By understanding the requirements of the act and implementing effective SEO strategies, general contractors and developers can enhance their operations and build trust with their workforce. Always stay informed about the latest labor standards and legal obligations to ensure a compliant and successful business environment.

The post Understanding the Wage Theft Prevention Act: A Guide for General Contractors and Developers appeared first on BiltOn.

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 sites strains small armies at major developer and contractor firms. Yet non-compliance invites major financial and legal crises should incidents arise involving improper licensing.

Without centralized oversight, something as routine as a subcontractor liability policy renewal falling through the cracks puts entire projects in jeopardy. Uninsured subs heighten accident exposure. Likewise, permits expiring during active work shutter jobs for weeks while reapplication crawls through bureaucracies, destroying budgets.

In racing to meet unrelenting build timelines, construction players traditionally relied on sheer manpower to manage this complex compliance web. But even large firms now buckle under digital transformation pressures. As portfolios expand and documentation multiplies, leaving compliance primarily to project administrators or legal clerks builds risk upon risk.

Beti Compliance Software provides construction leaders an intuitive yet expansive solution. Our secure cloud-based platforms continually cross-reference policies, licenses, permits and safety plans across all sites and partners. Automated tracking identifies expiration dates long before trouble strikes, while real-time dashboard reporting lets executives monitor status organization-wide.

With vast reduction of manual paperwork chasing, Beti customers gain assurance that revenue won’t hemorrhage from inadequate compliance filing. COOs maintain visibility on portfolio risk levels, while PMs and supers receive alerts before safety plans require renewal. In essence, construction leaders take back control over mission-critical documentation so projects steer clear of legal crises.

Bottom line, as construction projects accelerate in scale and complexity, lack of licensing oversight poses a threat equal to any earthquake or cyber-attack. Beti compliance software brings order to this chaos. We invite development firms and GCs to explore capabilities that promise a 360-degree perspective over operational risks – the deepest layer of insurance.

The post Reducing Risk in a Sea of Red Tape: How Compliance Software Protects Construction appeared first on BiltOn.

With guidance on how to avoid these common pitfalls

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 DOT’s regulations. But irrespective of the state, failing to adhere to these standards and properly manage workers and their safety on-site can result in hefty fines, wage theft, and even lawsuits.

The Five Areas That Deserve Your Focus

In the world of construction, even the largest firms aren’t immune to pitfalls. Missteps can result in lawsuits that cost millions. While smaller firms might not see lawsuits of this magnitude, even minor legal challenges can cripple them. So, for construction managers, combining tech with preventive measures is crucial. Here’s a roadmap highlighting five crucial areas, with guidance for improvement:

Prioritize Safety: Beware of the “Fatal Four”

Construction is notorious for its hazards. In 2016, the Occupational Safety and Health Administration (OSHA) reported over 5,000 fatalities in the industry. The main culprits? The “fatal four”: falls, being hit by objects, electrocution, and getting caught in or between objects.

Immediate Actions:

• Regularly inspect and document hazards on the job site.
• Schedule meetings to discuss safety and develop action plans compliant with OSHA guidelines.
• Appoint senior team members to oversee daily safety checks.

Tech Tip: Invest in construction management software with safety modules and checklists, but choose one that alerts you of safety hazards and keeps accurate records of each worker’s OSHA status.

Avoid Overtime Complications and False Hours

Labor issues extend beyond safety. Labor law violations and falsified hours can cost your firm dearly. Ensure that employees clocking over 40 hours a week receive appropriate overtime pay and maintain meticulous labor records. Keeping an accurate headcount with traceable clock-in and clock-out will prevent wage theft.

Immediate Actions:

• Ensure robust record-keeping for on-site hours, including overtime.

Tech Tip: Use construction software for headcount tracking, preferably one with real-time alerts and reporting.

Counter Delays: Track Progress

Delays are a leading cause of disputes in construction. While some delays (like weather disruptions) can’t be helped, others stemming from poor progress tracking can.

Immediate Actions:

• Allocate more time to project planning and tracking.
• Collaborate with specialists to craft detailed, proactive plans.

Tech Tip: Utilize construction estimating and progress tracking software with statistical insights and progress reporting.

Track Contractors: Ensure They Are Compliant

Ensuring subcontractors are compliant is key. Their outdated permits and non-compliant workers will ultimately fall on you. In New York, it is vital to ensure that all workers and supervisors are Local Law 196 compliant.

Immediate Actions:

• Ensure potential subcontractors have proper documentation for their companies and their workers.
• Spend extra time vetting subcontractors.
• Keep track of subcontractors upcoming permit expirations.

Tech Tip: Opt for general contractor software with a subcontractor management module and permit expiration alerts.

Stay Informed: The Power of Real-time Site Monitoring

Keeping a close watch on construction site activities in real-time ensures that everything is going according to plan. Being in-the-know as events unfold prevents unnecessary hitches and costly errors.

Immediate Actions:

• Use cameras and other monitoring devices to get a live feed of various construction activities.
• Ensure that project managers and supervisors make regular, unscheduled site visits to verify the progress and quality.
• Engage with onsite team leaders daily to get updates and provide guidance if needed.

Tech Tip: Embrace construction site monitoring software. This technology can provide live reports, data analytics, and immediate notifications about critical on-site events, ensuring you’re always in the loop.

Avoid the pitfalls of lawsuits, failed inspections, and wage theft. With Beti, you not only maintain the pristine reputation of your company, but also save significantly on potential fines and penalties.

The post Five Ways Construction Companies Are Vulnerable To On-Site Liability appeared first on BiltOn.

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 combating this issue, providing vital protections for workers. In tandem with this legislation, innovative solutions like Beti’s labor management and face recognition access control system have emerged to help employers stay compliant and ensure that workers are accurately compensated for their contributions.

Understanding the New York Wage Theft Prevention Act
Enacted in 2011, the New York Wage Theft Prevention Act is a critical tool in the fight against wage theft. It requires employers to provide written wage notices containing essential information like wage rates, overtime rates, scheduled paydays, and pertinent employer details. This information must be available in both English and the employee’s primary language, ensuring accessibility and clarity.

Additionally, employers are mandated to supply pay stubs that outline hours worked and wages earned, empowering employees with the necessary tools to track their compensation accurately. Failure to adhere to these provisions can result in significant penalties, with potential damages reaching up to $10,000 per employee.

The Evolution: The Wage Theft Prevention Amendment Act of 2014

The 2014 amendment to the act brought about substantial enhancements, including mandatory wage rate notifications for newly hired employees and increased penalties for non-compliance. These changes bolstered the act’s efficacy in protecting workers’ rights and deterring wage theft.

Beti’s Innovative Solution
What is the New York Wage Theft Prevention Act?
In the era of advanced technology, staying compliant with wage theft prevention laws is now more accessible than ever. Beti’s innovative labor management and face recognition access control system seamlessly syncs with workers’ details and onboarding information. This state-of-the-art solution ensures that only verified, on-site workers have access to the premises.

Preventing Unauthorized Access and Ensuring Compliance
Beti’s solution addresses a critical concern in wage theft prevention: ensuring that workers are physically present on-site before they can access sensitive areas. By using face recognition technology, employers can rest assured that only authorized personnel are on-site, reducing the risk of potential wage theft disputes.

Syncing Automatically for Effortless Compliance
Beti’s system goes beyond just access control. It syncs automatically with workers’ details and onboarding information, streamlining the compliance process. This means that employers have a seamless, up-to-date record of their workforce, ensuring that all employees are appropriately compensated for their contributions.

Conclusion: Empowering Employers and Workers Alike:
In the pursuit of fair labor practices and the protection of employee rights, the New York Wage Theft Prevention Act stands as a beacon of hope. Its clear-cut guidelines serve as a foundation for employers to uphold their responsibilities, while empowering workers with critical information. Yet, in this age of advancing technology, solutions like Beti offer an extra layer of assurance.

Beti’s innovative labor management and face recognition access control system not only ensure that only authorized, on-site workers have access to sensitive areas, but it also seamlessly syncs with workers’ details and onboarding information. This automated process simplifies compliance, leaving employers with an up-to-date record of their workforce, ready to meet their legal obligations.

In this synergy between legislation and technology, we find a potent force against wage theft. Employers armed with knowledge and equipped with cutting-edge tools can create workplaces where fair compensation is not just a mandate, but a lived reality. Should you ever face the unfortunate circumstance of wage theft, remember that legal support is available, and understanding your rights under this act can lead to the recovery of your rightfully earned wages. Together, with the New York Wage Theft Prevention Act and Beti’s innovative solutions, we pave the way for a more just and equitable work environment.

The post Empowering Compliance: The New York Wage Theft Prevention Act appeared first on BiltOn.