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
Understanding Fixed-Price Contracts — And When To Use Them
By Tom Scalisi
Fixed-price contracts are among the simplest of all construction contract forms. They allow contractors freedom and flexibility, and they provide owners with a bit of certainty. The contractor predetermines how…
Construction Payment Blog
Construction Estimating: How to improve estimates & avoid costly mistakes
By Jonny Finity
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…
Construction Payment Blog
What is a Mineral Lien?
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…
Construction Payment Blog
What is Consent of Surety?
By Tom Scalisi
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…
Construction Payment Blog
What are Transmittals in Construction?
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…
Construction Payment Blog
Guide to Submittals in Construction (With Examples)
By Chris Poché
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…
Construction Payment Blog
10 Construction Industry Trends To Watch in 2020-21
By Chris Poché
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…
Construction Payment Blog
Gulf Coast Lawyers Share Advice For Contractors In Hurricane Season
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…
Construction Payment Blog
Morgantown, WV: WestRidge Developer Owes Contractors Over $900K
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…
Construction Payment Blog
Contractors Claim $1.7M on Thrift Oil Co. Warehouse in Bloomington, CA
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…