PAYMENT PROFILES

Payment Profile data is collected from 3 places: the Levelset database, public data, and construction data partnerships. Levelset’s 20,000 customers manage over 4+ million construction projects across the United States and exchange $150 million in payment claims and liens every month. This project data is aggregated and reported on Payment Profiles when a document is filed or sent to a contractor. Along with this, our team sources county recorder data for documents filed directly with a county. Levelset currently has on record 60% of all recorded U.S. mechanics liens with county recorders. Lastly, some construction data is collected and aggregated from 3rd party sources to help make the Levelset model smarter.

Payment speed for each contractor takes into account all contractor records in our database of 4+ million active projects worth over $30 billion where more than 750k documents have been exchanged. The dynamic machine intelligence model projects payment speed by reviewing all documents exchanged in our database, grouping documents by type, analyzing the number of documents received per company, the number of users sending documents to specific contractors, and how recently slow or non-payment occurred. The model then relatively scores a contractor based off this activity compared to other contractors in the industry to assign a payment score on a scale of 0-100. These are then assigned a letter grade.

1
. Make a Levelset account and submit projects. Create a free account and enter past projects where there was no slow payment or non payment.
2
. Exchange lien waivers and request preliminary notices through Levelset on every job
3
. Be upfront with what you expect from subcontractors and vendors and pay quickly
4
. Claim your profile - this allows you to customize info and collaborate with others easier. This won’t help your score directly, but it’ll help avoid payment problems if a vendor knows who to call about slow pay.