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We changed our name to Levelset today because the name zlien wasn’t good enough. And here – beginning at the very beginning – is why. It’s 2006. The single...
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The Ultimate Guide to Retainage in the Construction Industry
The practice of retainage, aka retention, has a tremendous impact on the construction industry. Learn how retainage works on different types of projects and in different states. Article links to...
The Ultimate Guide to Lien Waivers
What are lien waivers in construction? This article is the ultimate guide for construction lien waivers including essential information and links to download any lien waiver form you need.
What Is A Joint Check Agreement?
While joint checks and joint check agreements are common in the construction business, these agreements can actually be entered into by businesses in any industry. However, these tools are utilized...
What Are “Back Charges” in Construction?
Back charges can be tricky if you're not careful! It's incredibly important to prioritize communication and documentation when back charges are in play.
Lien Waiver vs Lien Release: What’s the Difference?
Lien waivers and lien releases are completely different documents (even though they are often confused by the construction industry). Read this post to learn when and how to use each...
What Does “Pay-When-Paid” Mean?
In the construction business, everything comes down to the contract. And that's unfortunate because most of the people who make up the construction industry aren't lawyers, they're contractors, builders, and...
Construction Accounting: What Is a Work in Progress Schedule?
The Work In Progress (WIP) schedule is an accounting schedule that's a component of a company's balance sheet. It's calculated for each accounting period, and required (according to GaaP principles)...
What Is Underbilling?
Underbilling occurs when a contractor does not bill for all the labor and materials delivered in a billing cycle. It can lead to serious cash flow problems.
What Is a Notice of Completion?
What is a Notice of Completion? As anyone reading this surely knows, the construction industry loves its documents! There's a document for just about everything under the sun in the...
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Public-Private Partnerships: An Industry Guide to P3 Projects
Public-private partnerships present unique opportunities for construction businesses and their public partners, but there are unique risks involved, too.
Consequential Damages Can Create Extensive Liability for Construction Businesses
Left unchecked, consequential damages could create extensive liability for construction businesses. Construction contracts should limit or at least clarify them, when possible.
Who’s Responsible for Defects in Project Specifications? | The Spearin Doctrine
Contractors must perform according to the contract specifications and plans, but what if the specifications are defective? That's where the Spearin Doctrine comes into play. When there are flaws in...
What is a Superior Knowledge Claim? | Construction Claims
Public agencies must provide a significant amount of information so contractors can accurately bid on a project. After all, once their bid is accepted, there isn't much wiggle room in...
Managing a Construction Project Requires Collaboration and Transparency
Managing a construction project means managing relationships. By promoting collaboration along the payment chain, payment disputes can be avoided. Managing a construction project means managing the entire payment chain -...
What Constitutes Substantial Completion? Why Does it Matter?
Substantial completion is a crucial milestone on any project; this date affects everyone's obligations, payment rights, and starts the clock on important deadlines.
The Draw Request Process, Explained
For jobs where a construction lender is present, the draw request process is an integral part of maintaining cash flow and financing on your project.
Government Construction Contracts | A Guide for Bids, Bonds, and Payments
Government construction contracts can be a great source of revenue, but they also come with more regulations than private projects do. From registrations to bidding, to bonding, to retainage, there's plenty...
What is Construction Contingency? | Construction Accounting
A construction contingency is an amount of money set aside to cover any unexpected costs that can arise throughout a construction project.
How to Use Construction Allowances | Construction Accounting
A construction allowance is an amount established in the contract documents to include in the total contract price intended to cover the cost of prescribed items that are not specified...