In the ever-evolving construction industry, staying ahead means embracing innovation. We are proud to partner with Kodiak, a company that epitomizes forward-thinking and efficiency in managing construction payments. Our latest video showcases this dynamic partnership and highlights how Levelset’s innovative
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Louisiana Payment Bond Changes: What Material Suppliers Need to Know
Louisiana Governor Jeff Landry recently signed two significant pieces of legislation into law: La. Acts Nos. 758 and 761. These acts represent a substantial shift in how payment bond defenses are handled for sureties under both the Public Works Act…
Tips to Ensure That Your Document is Notarized Properly to Avoid Rejections
Getting paid in the construction industry is hard enough. Don’t let avoidable notarization mistakes get in the way of your path to payment. This article will give you all the tips and tricks you need to know to ensure your…
4 Ways Materials Financing Can Help You Recession-Proof Your Business
By Dacia Idom
Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual.
During the Great Recession, more than 150,000 construction firms closed their doors, and 2…
7 Ways to Improve Construction Site Safety
By Thomas Tracy
Construction is a risky business by almost any measure: It not only has one of the highest business failure rates of any industry, but construction work also sits atop the list of the most dangerous jobs. In 2019, the construction…
Environmental Regulations in Construction: What Contractors Need to Know
Construction activity is incredibly intensive work — creating the built environment is inherently disruptive to the natural environment. Governments balance the needs of both by requiring contractors, property owners, and others involved in construction to mitigate the effect of building…
Insurance for Electricians: What It Covers & Why You May Need It
By Thomas Tracy
At any given time, an electrician could be performing work on a construction project that involves high stakes. For example, a faulty connection somewhere along a circuit could trigger a fire that causes significant damage or total loss to the…
How a Construction-to-Permanent Loan Impacts Contractors & Lenders
By Lyle Solomon
When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures.
A construction-to-permanent…
17 Alternatives to Common Building Materials
By Tom Scalisi
If necessity is the mother of invention, consider scarcity and inflation the grandparents of throwing your hands in the air and saying “Well, what can I order?” In recent years, material shortages and volatile material prices slowed so many projects…
A Plumbing Contractor’s Guide to Insurance Coverage
By Thomas Tracy
Plumbing contractors should include business insurance as an integral part of their financial strategy. When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected.
With numerous policies available, the plumbing contractor’s insurance landscape offers many…