2019 National Construction Payments Report
The 2019 National Construction Payments Report shows how slow payment and cash flow hurts the construction industry and what contractors think and see.| Levelset
The 2019 National Construction Payments Report shows how slow payment and cash flow hurts the construction industry and what contractors think and see.| Levelset
Big news for contractors working on public works projects in Georgia! A new piece of legislation, House Bill 137 (HB 137), has been signed into law, increasing the contract value threshold for payment and performance bonds. This change, effective July 1, 2025, could simplify things for smaller public projects and impact your bid strategies. Overview […] The post Georgia Contractors: New Payment Bond Threshold on Public Projects appeared first on Levelset.| Levelset
Contractors operate with low profit margins as it is, so absorbing the increased cost of materials and labor is usually not an option. There are three main ways contractors can effectively deal with construction cost increases: financing building material purchases, adding a margin to their estimates, or including an escalation clause in the contract. 1. […] The post 3 Ways to Reduce Payment Risk With The New Tariffs And Rising Construction Costs appeared first on Levelset.| Levelset
The construction industry has long been perceived as a male-dominated field, but women are increasingly making their mark, especially in areas like technology and credit management. As we celebrate Women in Construction Week, it’s crucial to recognize the unique perspectives and valuable contributions that women bring to the table. From project management software to innovative […] The post Empowering Women in Construction: Insights from the Intersection of Technology and Credit appeared ...| Levelset
The Associated Builders and Contractors (ABC) Annual Convention is back, and this year, it’s bigger than ever as ABC celebrates 75 years of advancing the construction industry! From February 25-27, the industry’s best and brightest will gather in Las Vegas to connect, compete, and celebrate excellence in construction. At this dynamic event, attendees will experience […] The post Join Levelset and Procore at ABC’s 75th Annual Convention in Las Vegas! appeared first on Levelset.| Levelset
Starting January 1, 2025, Illinois subcontractors will see significant changes to how they can deliver lien notices under the Illinois Mechanics Lien Act. The updated law introduces more flexible delivery options and clearer timelines and reinforces the process for protecting lien rights. These changes are designed to make it easier and more reliable for subcontractors […] The post Changes to Illinois’ Mechanics Lien Laws Simplifies Notices in 2025 appeared first on Levelset.| Levelset
Levelset is excited to team up with American Express to provide our trusted lien rights management tools to eligible merchants who accept American Express [at a discount]. Our lien rights management solution is designed to help construction professionals save time managing their lien rights, reduce financial risk, and lower their Days Sales Outstanding (DSO). We are […] The post Levelset and American Express Team Up to Empower the Construction Industry appeared first on Levelset.| Levelset
A recent Colorado Court of Appeals decision offers essential guidance for subcontractors filing claims under the Colorado Public Works Act. The case clarifies what can and cannot be included in a verified statement of claim, particularly concerning delay damages, and highlights the severe consequences of filing an excessive claim. The outcome serves as a cautionary […] The post The Consequences of Overstating Claims Under Colorado’s Public Works Act appeared first on Levelset.| Levelset
At the heart of any successful business relationship is a genuine partnership. That’s exactly what Kodiak has experienced through their collaboration with Levelset. As one of the largest building materials suppliers in the U.S., Kodiak operates in 29 states and knows the importance of efficient processes and getting paid on time. They’ve found that partnering […] The post Kodiak’s Full Story: How Levelset Helps Their Growth and Streamlines Payments appeared first on Levelset.| Levelset
In the construction world, getting paid for your hard work is crucial. One of the most effective ways to secure that payment is by filing a construction lien. But the devil is in the details. Filing a proper lien claim requires accurate information. A recent case out of New Jersey, Green Field Construction Group, LLC v. […] The post Project Research Matters: Lessons From a Recent New Jersey Lien Case appeared first on Levelset.| Levelset
October is Careers in Construction Month, a time to celebrate the vital role construction professionals play in our communities. The construction industry continues to face a well-documented workforce shortage, with an estimated 546,000 additional workers needed to meet demand in 2024. Why a Career in Construction is More Than Just a Job A fulfilling career […]| Levelset
Bankruptcies in construction are very common. Learn how a mechanics lien can make sure your company still gets paid when dealing with a bankruptcy filing.| Levelset
