Levelset

Levelset helps contractors and suppliers get payment under control, facilitating smooth payments and successful projects.

Website: https://www.levelset.com/
Follow:

Levelset Blogs

Construction Payment Blog

Blog Authors

ABCDEFGHIJKLMNOPQRSTUVWXYZ
Sander Banta
Alex Benarroche
Alicia Benitez
Christopher Bokum
Nate Budde

Latest from Levelset

There are many events during a construction project that can derail plans and wreak havoc on cash flow. One of the most critical ways to control cost overruns is by improving construction estimating — essentially, the art of educated guessing — before the project ever begins. A construction estimate provides the foundation on which the rest of the project will be built. The accuracy of your estimate will determine whether you finish the project on…
A mineral lien, also called an oil and gas lien, is a lien that attaches to the mineral rights, material, machinery, equipment, and/or leasehold interest in a property. A mineral lien is basically the equivalent of a mechanics lien for contractors on an oil and gas project. It is most often used in the oil industry, though the laws generally also apply to work on quarries and mines. Contractors can file a mineral lien if…
When a contractor secures a construction bond, the surety agrees to cover claims against the bond up to a specific limit. Any time there’s a change to a project that could affect that bond, the surety needs to sign off. This is known as Consent of Surety, and it’s an essential part of navigating a construction project when a bond is present. What is Consent of Surety? Consent of Surety is basically a confirmation…
https-www-levelset-com-wp-content-uploads-2020-09-how-organized-documentation-can-save-you-in-a-dispute-1024x576-jpg
On a construction project, transmittals provide specific proof of what was sent, who it was sent to, and when it was sent. They help document the flow of information during a project. We’ll discuss more about what they are, why they’re important, and how they may help you get paid faster.  There are a lot of documents, files, and samples that change hands during a construction project. Keeping track of when they were distributed and…
Submittals are a critical part of any construction project that help everyone stay on the same page. This guide will walk through the submittals process and share examples to help contractors understand exactly what to expect. What are submittals? Submittals are documents, drawings, samples, or mock-ups submitted by the contractor to the architect or owner to verify that the work and equipment provided on the job match the documents included in the construction contract.…
https-www-levelset-com-wp-content-uploads-2020-09-commercial-construction-project-jpg
In 2020, the global COVID-19 pandemic had caused unprecedented disruption. For the construction industry, trends like the rise of teleworking, requirements for social distancing, shifts of resources, breaks in supply chains, and cash flow disruption spell change at every level. Still, some trends will, against all odds, continue, if maybe a little bit changed. Here are the 10 construction industry trends we see on the horizon for 2021. 10 Trends in Construction 1. Safety …
https-www-levelset-com-payment-help-wp-content-uploads-2020-03-aaron-cartwright-construction-lawyer-150x150-jpeg
Just how hurricane-proof is your construction business? We asked three of the top construction lawyers in the Gulf Coast to share advice for contractors to protect their projects — and payments — during hurricane season. These experienced attorneys share actions they recommend contractors take before, during, and after a storm to minimize nature’s impact on their construction business. Prepare for the worst Aaron Cartwright “Be careful,” says Aaron Cartwright, a construction attorney from Arlington,…
In June of 2020, West Virginia Gov. Jim Justice helped unveil new tenants being welcomed into the WestRidge Corporate Park, a business and retail center in Morgantown WV. But as of August, two contractors that helped construct the property are still seeking a combined $907.8K in mechanics lien claims. Since June 3, 2020, the two unpaid work claims have been filed against the project’s general contractor in WestRidge Commons Development, LLC, an affiliate of…
Since July 24, 2019, at least three mechanics lien claims have been filed against a property owned by Thrift Oil Co. in Bloomington, CA. The lien claims total $1.7M in unpaid construction work as of July 2020. The property with a posted lien claim is an industrial warehouse leased out by Thrift Oil Co., which is located 50 miles east of company headquarters in Santa Fe Springs, CA. The entire warehouse spans 371,442 square feet…
Developers of the Gale Boutique Hotel & Residences in Fort Lauderdale have failed to pay $2.7 million to contractors, according to construction lien claims filed as recently as August 2020. The Gale Boutique Hotel and the Gale Residences are two neighboring properties in Central Beach, Fort Lauderdale. Both of the properties are under the development of Tiffany Hotel LP, a partnership between Newgard Development Group and Merrimac Ventures. Newgard Development is a Miami-based firm…