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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...
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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...
What Is a Work in Progress Schedule? | Construction Accounting
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? | Construction Industry Accounting
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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Texas Pay-if-Paid Clauses | Levelset
Construction contracts can contain all sorts of landmines. To the uninitiated, signing a contract without understanding the repercussions of the certain clauses can spell disaster. One clause, in particular, is...
Does Florida Have a Construction Trust Fund Statute?
Many states have enacted construction trust fund statutes to protect payments for lower-tier project participants. Despite Florida not having a trust fund statute, there are some similar trust obligations and...
Arizona Construction Trust Fund Statute Requirements
The Arizona construction trust fund statute was enacted to protect lower-tier project participants from non-payment when lien rights are unavailable. This imposes a fiduciary duty and personal liability on the...
Florida Proper Payment Defense Can Leave Subs Defenseless
Mechanics lien laws are meant to be drafted to be fair and just to all parties on a construction project. It's common to believe that these are drafted to benefit...
Why Arizona Unconditional Waivers May Be Unnecessary on Smaller Jobs
Based on Arizona's lien waiver rules, unconditional lien waivers won't always be necessary - particularly when there are few project participants.
Florida’s “Non-Required” Statutory Lien Waivers Can Lead to Confusion
Florida has an extremely unique approach to lien waivers. The state statutes do provide statutory lien waiver forms, but they aren’t necessarily required. The fact that the parties can agree...
Arizona Unconditional Lien Waivers | A Check in Hand Doesn’t Equal Payment
If you’ve been reading any of our articles on lien waivers, you have probably heard us preach of the dangers of using unconditional lien waivers instead of conditional waivers. This...
Texas Lien Waiver Requirements Don’t Apply to Certain Residential Projects
The state of Texas is one of the more heavily regulated when it comes to lien waivers. The Texas lien waiver requirements are outlined in detail and apply on almost...
Arizona Lien Waiver Through Date: Mistakes Can Result In Lost Lien Rights
Arizona has statutory lien waiver forms, but they are still complex. Making a mistake with the lien waiver "through date" can lead to lost lien rights.
How To Handle Requesting & Tracking Lien Waivers
Requesting, tracking, collecting, and chasing lien waivers is a pain in a neck, and it’s a pain for everyone in the construction payment chain. Construction lenders, property developers, general contractors, and...