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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. [...]
The American Society of Civil Engineers’ updated standards mark a major shift in approach for design and construction in flood hazard areas, according to a floodplain manager. [...]
The Trump administration said Thursday that it supports the use of project labor agreements on federal construction projects when they are “practicable and cost effective.” [...]
The new home of the Republic FC in the California capital’s Railyards district will have a capacity for 12,000 fans that can be expanded for concerts and other events. [...]
The increased investment, which includes another $30 billion in expanded production and a second Idaho fab, comes as the Trump administration finalizes $275 million in CHIPS funding for the company. [...]
A smaller budget will “modernize and streamline” the department, Labor Secretary Lori Chavez-DeRemer said in a recent House committee hearing. [...]
John Deere and Volvo Construction Equipment are both expanding operations with new factories and production lines in the U.S. [...]
White House Office of Management and Budget directs federal agencies to continue using project labor agreements on construction projects but broadens allowable exceptions. [...]
UK, which will be plant's majority owner, also selected Rolls-Royce SMR as preferred bidder to build small modular reactors at major nuclear power sites and elsewhere. [...]
The project will create a nearly 10-mile, 15-station double-tracked light-rail system through the city of Austin’s downtown. [...]
Joint venture partners Barletta and Aetna Bridge filed a countersuit against the Rhode Island Dept. of Transportation. [...]