Are you "robbing Peter to pay Paul" just to keep your job sites running? In this episode, Seth sits down with Nick, co-founder of Buildplus, to discuss why the traditional construction cash flow model is broken—and why so many contractors are unknowingly operating like a Ponzi scheme.
We dig into the messy reality of construction finance, from the "receipt in the cup holder" problem to the "napkin math" that passes for estimating today. Nick explains how Buildplus is using fintech and "Cost Plus" models to force radical transparency, eliminate client anxiety, and ensure every project stands on its own financial feet.
If you’re tired of estimates that are "slop" and want to stop flying by the seat of your pants on high-end projects, this conversation is for you.
In this episode, we cover:
The Origin Story: How a builder bankruptcy sparked the idea for Buildplus.
The "Ponzi" Trap: Why using Project A’s deposit to fund Project B is a ticking time bomb.
Cost Plus vs. Fixed Fee: Why transparent pricing actually builds trust (and protects your profit).
The "Receipt in the Cup Holder": Solving the chaos of expense tracking in the field.
AI & The Future: Why current estimates are "BS made up on a napkin" and how AI might fix it.
🔗 Connect with BuildPlus:
Buildplus is a financial technology company and is not a bank. Banking services are provided by Core Bank, Member FDIC.
Buildplus is not a FDIC insured institution and the FDIC’s deposit insurance coverage only protects against the failure of an FDIC insured depository institution.
Website: https://buildplus.app
Contact: nicolas@buildplus.app
💡 About Constructive:Constructive explores the intersection of technology and the Architecture, Engineering, and Construction (AEC) industry. Hosted by Seth Kalkman.
Music Credits:Music by: bensound.comLicense code: 06AAOPINEKFQI5PAArtist: Roman Senyk
