Construction Dive
AUGUST 16, 2023
Contractors are signaling that demand for their services will continue to expand despite high interest rates and regional bank failures, said Anirban Basu, ABC chief economist.
Levelset
JUNE 6, 2022
Retention can be withheld on residential or commercial projects and on both public and private projects. ABC Contractor is billing a project owner for $100,000 with 10% retention. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project.
Levelset
FEBRUARY 3, 2023
One of the most significant challenges during that time was the lack of financing for commercial construction companies. Influent Energy started jobs faster using Materials Financing than when they relied on cash sources like bank loans and has financed materials on nine projects with Levelset since June 2022.
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