Just like many other states across the country, California is stepping up its commitment to infrastructure. On May 13, 2022, Governor Gavin Newsom announced that the state’s proposed budget would include $37 billion to “rebuild California,” with money allocated for
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5 Ways to Improve Cash Flow in Your Construction Business
In the construction industry, starting a new project means encountering automatic, upfront costs. How individual specialty contractors handle these costs vary, but as the saying goes, “Cash is king.” From buying materials to hiring crews, business begins when cash flows.
Business Interruption Insurance in Construction: What Contractors Need to Know
As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project
How to Get Paid on Texas Public Projects
Following the lead of numerous states across the country, Texas is upping its commitment to major public infrastructure projects: A May 2022 release from the City of Austin laid out plans for $400 million in construction at the Austin-Bergstrom International
How to Get Paid on Louisiana Public Projects
Continuing the state’s long-standing focus on infrastructure spending focused on environmental well-being, Louisiana Governor John Bel Edwards announced in April 2022 that the state would be allocating $150 million in surplus state funding towards coastal restoration and protection projects.
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Construction Payment Speed: Winners and Losers
While problems with slow payments reverberate throughout the construction industry, the truth is that some companies, roles, and project types are much more likely to get paid on time than others.
Our recent Construction Cash Flow and Payment Report took
Pennsylvania Home Improvement Consumer Protection Act: What Residential Contractors Need to Know
In Pennsylvania, contractors working on residential projects need to be aware of the Pennsylvania Home Improvement Consumer Protection Act. This Act has a fair amount of rules and requirements that must be followed on home improvement projects, specifically when it
How to Get Paid on Florida Public Projects
Following the lead of many states, Florida announced over $23 million in funding to communities in the Northwest part of the state, signaling the state government’s willingness to bring a boost to its infrastructure in the aftermath of recent years’
How to Get Paid on New York Public Projects
New York State has announced a major project in the state’s buildup of its infrastructure, with billions in contracts available for contractors in state-wide projects — an early return on the US government’s renewed interest in infrastructure spending.
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4 Key Habits of Large, Successful Contractors
Running a successful construction business takes a ton of knowledge, determination, and hard work. But why is it that some companies are able to grow and thrive while others stagnate or go out of business entirely?
Levelset’s recent 2022 Cash