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

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The FY2021 New York State budget was approved by Governor Cuomo. The approval of this budget comes with multiple changes and amendments to state law. One change that is particularly relevant to the construction industry is the expansion of protection under the prevailing wage laws.   New York prevailing wage laws A fair number of states across the country have enacted prevailing wage laws. These are sets of statutes that ensure that workers and…
The coronavirus has hit the construction industry hard – we are all searching for ways to keep our businesses afloat and our employees working. One of the best pieces of advice for recession-proofing your business is to diversify your construction business. Essentially, this means that you branch out with the work you do and the clients you serve. Now, diversifying doesn’t mean that plumbers should start framing, but your business may benefit from looking “outside…
Schedule delays almost always lead to payment delays, and the Coronavirus has created a literal tsunami of construction project delays, across the country.  If you are experiencing delays due to coronavirus, you should be filing mechanic liens on every active project. Right. Now. Coronavirus delays could sink contractors financially A mechanics lien is the best protection against late or non payment in these confusing COVID times. Many contractors and suppliers are effectively shut down or…
With the construction industry in crisis over COVID-19, business owners and field workers alike are nervous. Even in places where construction is considered an essential business, developers and lenders aren’t investing in a lot of new construction right now. Everyone in construction is afraid of what the future holds – and whether they will make it through to see the other side. We asked 6 experts in construction finance for advice to help…
States, counties, and cities across the United States continue to implement safety precautions to slow the spread of the coronavirus outbreak (COVID-19). The coronavirus is affecting construction projects, and many are wondering if they can still work. Here, we’ve collected the orders issued within the state of California to determine whether construction is considered essential business in California. Federal guidelines for essential businesses On March 28th, the Cybersecurity & Infrastructure Security Agency (CISA) issued an…
The COVID-19 pandemic has been upending construction projects around the country, suspending them or forcing them to shut down. If you’re working on a project that’s experienced this, be sure to take that into account when securing your mechanics lien rights. There are a handful of states where the cessation of labor can affect your lien filing deadlines. Cessation of labor & lien filing deadlines As the country continues to deal with the spread…
The coronavirus pandemic is taking a grip on the construction industry. It’s making it more difficult to get supplies, to complete projects, and most importantly, it’s getting harder for companies to get paid. Sending preliminary notices to the owner, GC, and even the lender can go a long way when it comes to getting paid during COVID-19. By sending these notices on all your jobs now, not only are you presenting…
The coronavirus has already upended construction projects across the US. Now, with the “deepest recession on record” looming, many contractors are expecting to take a hit on their profit margins. The thought process seems to be one of “I will profit a few dollars less, but I will still have work.” While on the surface, that may seem like an easy fix to a complex problem, it could actually do more harm than…
As the COVID-19 pandemic continues, it’s steamrolling all sorts of would-be stable businesses and taking no prisoners. The reality is that if COVID-19 hasn’t affected your construction company yet, it’s only a matter of time before you start to feel its impact. Most likely, you’ll notice jobs will be delayed and eventually canceled. But even more devastatingly, you’ll see payments screech to a halt. It may feel like you’re on an island with no…
Even before the coronavirus upended construction, and effectively threw a wrench into the engine of the US economy, experts were predicting that a recession was just around the corner. If that was true, COVID-19 certainly sped things up. While the construction industry hasn’t been in the economic storm’s direct path, it is definitely feeling the effects. While in some states and cities, construction has been deemed “essential business,” in others, projects are being delayed…