Levelset

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

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What if you could identify potential problem customers before you started working for them? What if there was a way to tell which customers would be slow to pay ahead of time? Turns out, there is — and most contractors don’t use it. Credit professionals use a tool called the 5 Cs of Credit. Most contractors don’t do any sort of credit research on their customers. They rely on the terms of their contract to…
Filing a mechanics lien is the best way to cut down the amount of time it takes to get paid in construction. But, occasionally, getting paid requires a bit more muscle. Contractors might have to foreclose on their lien in order to recover their money. The good news is, a lien foreclosure is relatively rare. However, since they’re so uncommon, there’s a lot of mystery surrounding the actual lien foreclosure process. This article will help clear…
When it comes to hiring a lawyer, many contractors feel like a fish out of water. It’s hard enough for most construction businesses to negotiate payment with their own customers — you don’t want to waste time haggling over attorney fees. In this article, we’ll show you how to understand a construction lawyer fee agreement, the common types of fee agreements you’re likely to encounter, and how to negotiate one that works for you. To…
Swinerton is one of the largest general contractors in the US. For subcontractors considering a project with the GC — or those already on the job — this guide will help you understand Swinerton’s history, prequalification process, and payment practices that you need to know. You’ll hear what other subcontractors have to say about the contracting giant — and we’ll share tips to get paid on every Swinerton project. About Swinerton Charles Lindgren, an industrious…
For folks in the construction industry, a mechanics lien is one of the most valuable tools for getting paid. Every state has mechanics lien laws that protect construction professionals facing nonpayment by granting them the right to file a lien.   A construction business’s lien rights depend on their ability to follow their state’s mechanics lien requirements. These include deadlines and important steps like sending preliminary notices and notices of intent. Though this process…
Regions Facility Services, a Florida-based trade contracting business, almost never had issues with non paying customers prior to COVID-19. However, in the spring of 2020 when many businesses were forced to close, they began to run into some slow payment issues.  Hal Bolter, the company’s president, did a Google search to see what he could do about these slow payments and discovered Levelset.  “It seemed too good to be true. The first notice…
Running the back office of a construction business is a challenging job. While your team in the field is getting work done on the jobsite, you need people to keep their finger on the company’s financial pulse to turn a profit and maintain healthy cash flow. Construction accounting is unique to the building industry — in addition to general business accounting, you need to track job costs, overhead, retainage, mobilization costs, and more. This means construction…
When you have dozens or hundreds of projects going on at a time, managing the processes and paperwork for protecting your lien rights can feel like a full-time job. Even if you know everything there is to know about the different notices, waivers, pay applications, and other moving pieces involved in managing cash flow, completing every task at the right time can be stressful and time-consuming. Brewer Crane and Rigging is a construction company…
“Value engineering” is a term frequently tossed around a construction project (usually right after the bids come in) that can best be defined as meaning, “We’re over budget! Somebody find a way to make it cheaper!” But proper value engineering in construction is not simply cost-cutting. Proper value engineering is a rigorous process that isn’t actually concerned with the cost at all — it’s concerned with value, which is a very different thing. It began, almost by…
Bidding is an essential and integral part of the construction industry, but it can be a challenging skill to master. It appeals to humanity’s inherent competitive streak, pitting us against others in a head-to-head challenge. The best bid secures both the contract and guaranteed employment for the immediate future. It can be tempting to underbid a project to ensure your company is the one that ultimately gets chosen for the job.  Read more: How the