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Contractors operate with low profit margins as it is, so absorbing the increased cost of materials and labor is usually not an option. There are three main ways contractors can effectively deal with construction cost increases: financing building material purchases, adding a margin to their estimates, or including an escalation clause in the contract. 1. […] The post 3 Ways to Reduce Payment Risk With The New Tariffs And Rising Construction Costs appeared first on Levelset. [...]
The construction industry has long been perceived as a male-dominated field, but women are increasingly making their mark, especially in areas like technology and credit management. As we celebrate Women in Construction Week, it’s crucial to recognize the unique perspectives and valuable contributions that women bring to the table. From project management software to innovative […] The post Empowering Women in Construction: Insights from the Intersection of Technology and Credit appeared first on Levelset. [...]
The Associated Builders and Contractors (ABC) Annual Convention is back, and this year, it’s bigger than ever as ABC celebrates 75 years of advancing the construction industry! From February 25-27, the industry’s best and brightest will gather in Las Vegas to connect, compete, and celebrate excellence in construction. At this dynamic event, attendees will experience […] The post Join Levelset and Procore at ABC’s 75th Annual Convention in Las Vegas! appeared first on Levelset. [...]
Starting January 1, 2025, Illinois subcontractors will see significant changes to how they can deliver lien notices under the Illinois Mechanics Lien Act. The updated law introduces more flexible delivery options and clearer timelines and reinforces the process for protecting lien rights. These changes are designed to make it easier and more reliable for subcontractors […] The post Changes to Illinois’ Mechanics Lien Laws Simplifies Notices in 2025 appeared first on Levelset. [...]
Levelset is excited to team up with American Express to provide our trusted lien rights management tools to eligible merchants who accept American Express [at a discount]. Our lien rights management solution is designed to help construction professionals save time managing their lien rights, reduce financial risk, and lower their Days Sales Outstanding (DSO). We are […] The post Levelset and American Express Team Up to Empower the Construction Industry appeared first on Levelset. [...]
Offerings this month cover preconstruction, a new reporting tool and a timber design platform. [...]
Sublease availability and new construction deliveries continue to decline, creating the conditions for “cautious optimism” in the sector, Cushman & Wakefield says. [...]
The move, with World Wide Professional Services, comes amid a boom for semiconductor projects as public and private groups invest in the space. [...]
Over 40% of contractors anticipate a slowdown in profit margins in the next six months, according to Associated Builders and Contractors. [...]
CF Industries, the world’s largest ammonia producer, is teaming up with Japan’s Jera and Mitsui to build the Blue Point Complex in Ascension Parish. [...]
Students competing in the contest at Tufts University, organized by the Construction Industries of Massachusetts, had to design, price and schedule a new subway station. [...]
The union sheet metal worker in Maryland was erroneously deported and imprisoned in El Salvador. [...]
Clark, AISC's artificial intelligence-powered agent is meant to assist engineers with code and best-practice questions. [...]
ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics [...]