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2019 National Construction Payments Report
Levelset
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4 Ways Cash Flow Issues Create Unnecessary Risks for General Contractors and Owners
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Rabbet 2019 Construction Payments Report
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Construction Factoring: How Invoice Factoring Works
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Current Construction News

- Ian Cogswell

For many subcontractors, working with a large and reputable general contractor like Turner Construction Company is a great financial and professional opportunity. However, even projects with the nation’s top construction companies aren’t immune to the construction industry’s notorious cash flow issues. The construction industry is unpredictable, and slow payment times are all too common. Before […] The post Turner Construction for Subcontractors: Payment Guide & Resources appeared first on Levelset. [...]

- Ian Cogswell

Bechtel tops the list of the largest contractors in the country. They are a powerhouse for engineering, construction management, and development in the United States. Subcontractors working with a GC like Bechtel are likely involved in an important and potentially lucrative project. However, before jumping the gun and signing the contract, subcontractors should do all […] The post Bechtel for Subcontractors: Payment Guide & Resources appeared first on Levelset. [...]

- Tom Scalisi

Fixed-price contracts are among the simplest of all construction contract forms. They allow contractors freedom and flexibility, and they provide owners with a bit of certainty. The contractor predetermines how much the project will cost, builds in their profit and contingency, and works within the contract’s scope. The owner knows that the project won’t exceed […] The post Understanding Fixed-Price Contracts — And When To Use Them appeared first on Levelset. [...]

- Jonny Finity

There are many events during a construction project that can derail plans and wreak havoc on cash flow. One of the most critical ways to control cost overruns is by improving construction estimating — essentially, the art of educated guessing — before the project ever begins. A construction estimate provides the foundation on which the […] The post Construction Estimating: How to improve estimates & avoid costly mistakes appeared first on Levelset. [...]

- Dawn Killough

A mineral lien, also called an oil and gas lien, is a lien that attaches to the mineral rights, material, machinery, equipment, and/or leasehold interest in a property. A mineral lien is basically the equivalent of a mechanics lien for contractors on an oil and gas project. It is most often used in the oil […] The post What is a Mineral Lien? appeared first on Levelset. [...]

- Kim Slowey

Cityzenith's platform at the Orlando Sports & Entertainment Smart District will help connect tenants and visitors to a nationwide range of services.  [...]

- Zachary Phillips

When the coronavirus hit the U.S., the Boston-based contractor developed a tool for monitoring worker health in less than two weeks. [...]

- Jenn Goodman

A new strap on 3M's safety harnesses, developed in collaboration with Skanska USA, will help protect workers who have fallen, the manufacturer says. [...]

- Chris Teale

The Los Angeles County Metropolitan Transportation Authority aims to build more than 100 miles of rail in the next three decades, which it says is the "most aggressive transit expansion plan in the nation." [...]

- Kim Slowey

Legislators and trade unions are speaking out against Amazon's use of a contractor they say brought in workers in defiance of the state's COVID-19 travel restrictions to work on a distribution center project. [...]

Ten-week 'CR' now goes to White House, for President Trump's signature. [...]

Hampton Roads Connector Partners (HRCP)—a design-build joint venture of Dragados USA, Vinci, Dodin Campenon Bernard and Flatiron Constructors—has the go-ahead to begin the 55-month process of adding twin two-lane tunnels parallel to existing tubes linking Hampton and Norfolk, Va. [...]

Developed and developing countries are seeing recovery happen at different rates [...]

Eased worker shortages have kept pay hikes stable in 2020, but future uncertainties still loom [...]

A slow recovery has begun following economic fallout caused by COVID-19 [...]