Organization
Levelset
Website: levelset.com
Levelset helps contractors and suppliers get payment under control, facilitating smooth payments and successful projects.
858 published works
Construction Payment Blog
Kentucky Contractor Licensing: Your Guide to Rules & Requirements
By Tom Scalisi
If you’re considering starting a contracting business in Kentucky, congratulations. Starting a business is a big deal, and it’s not for the faint of heart. But when you’re the boss,…
Construction Payment Blog
Sole Proprietorship to LLC: 9 Steps to Convert a Construction Business
How your contracting business is organized has a tremendous effect on your vulnerability to risk and the amount of taxes you’ll pay. When starting out, most contractors organize as sole…
Construction Payment Blog
20 Signs of a Bad Contractor
By Tom Scalisi
Finding the right contractor can be a massive roadblock on the way to a successful project. While there are plenty of contractors and subs willing to take a contract, they’re…
Construction Payment Blog
The 5 Phases of a Construction Project
Regardless of the type of construction project you’re working on, every job follows the same general phases. In project planning, there are five construction phases: initiation, planning, execution, monitoring, and…
Construction Payment Blog
What Is Deferred Revenue?
In most cases, income from sales is recorded at the same time as the work is invoiced or payment is received. This is the way most contractors and suppliers record…
Construction Payment Blog
Missouri Contractor Licensing: Guide to Registration & More
By Tom Scalisi
Starting your own contracting business in Missouri is a big step, but being your own boss is full of rewards. You’ll be able to choose your clients, pick the type…
Construction Payment Blog
How Surety Bonds Work in Case of Construction Contractor Default
Construction contractors sometimes go through hoops to receive payments. A client may experience a financial hardship that forces them to stop a project. They may also claim the work provided…
Construction Payment Blog
20 Types of Contractors in Construction
By Tom Scalisi
There are many different types of contractors in the construction industry, and they each have a specialized job. Other than very small construction projects, it’s almost impossible to take a…
Construction Payment Blog
How to Write a Notice of Delay for a Construction Project
At the start of the pandemic many contractors were dealing with shutdown orders and reduced staffing requirements, which led to many project delays. Now, contractors are dealing with material and…
Construction Payment Blog
3 Myths About Sending Lien Notices
There seems to be a lot of mystery surrounding the effects of sending a preliminary notice (also called a “notice to owner” or “notice of furnishing”). Although this document is…