Levelset

JUNE 6, 2022

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.

Accounting 98

Accounting ABC Banking Liability 98

Levelset

APRIL 28, 2022

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

Insurance 52

Insurance Contractors Claims ABC 52

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105

Software Software Management Construction 105