Construction Payment Blog
Get help with everything you need to know about construction payments.
Getting paid in construction is slow, hard, and stressful – that’s the takeaway from a survey of over 500 construction professionals conducted in collaboration between Levelset and TSheets by Quickbooks. ...
Contractors sometimes have to wait a long time for payment. A demand letter can be a powerful weapon in your arsenal to get paid faster. If you are waiting on...
A step-by-step guide on how to file a mechanics lien for any state in the United States. Outlines the process of filing a construction lien, including rules and requirements. Resources,...
Learn why a Notice of Intent to Lien is one of the most effective ways to resolve a payment issue on a construction project. THE demand letter that gets results...
How do mechanics liens work? We've put together a list of 17 different ways a mechanics lien empowers the construction industry to get paid the money they've earned on their...
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...
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...
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.
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...
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.
Understanding your financial health is a critical component to any construction business. In construction accounting, there are two primary methods of tracking income and expenses: Accrual method and cash basis...
If you’re worried about getting paid for a construction job, or your payment is LONG overdue, you’re probably already brainstorming ways to light a fire under the GC or owner....
Getting paid in construction can be stressful. That’s true even when you run not just one – but two – successful construction businesses. In this article, the VP of two...
Construction projects are complicated beasts, and disputes are all too common. When you have a legal dispute over the scope of work or want to foreclose on a mechanics lien,...
If you are a contractor or materials supplier working in Washington DC and are dealing with payment problems, a mechanics lien might be just the thing you need. Mechanics liens...
If you’ve been working on a construction project in the state of Rhode Island, and are having payment issues, a mechanics lien might be just the solution you’re looking for....
There are four basic reports that make up the core financial statements of a construction company: Balance Sheet, Income Statement (or Profit and Loss Statement), Cash Flow Report, and Work-in-Progress...
Mechanics lien rights are statutory rights, which means that you must comply with specific legal requirements in order to exercise these rights. And courts are typically unafraid to enforce those...
If you’ve gone unpaid while working on a construction project in the Green Mountain State, then a mechanics lien might be exactly what you’re looking for. A mechanics lien is...
You just received a demand letter from a sub or supplier. It says something about…a prompt payment law? It even threatens interest penalties and potentially court costs if you don’t...