Remove Cash Flow Remove Documentation Remove Download Remove Lien
article thumbnail

4 Key Habits of Large, Successful Contractors

Levelset

Levelset’s recent 2022 Cash Flow & Payment Report revealed some key differences between large, successful contractors and smaller construction businesses. Larger companies tend to send preliminary notices on every project or at least situationally — like when they’re required for protecting lien rights.

Lien 98
article thumbnail

How to Get Paid on New Jersey Public Projects

Levelset

When payment problems come up, contractors on public projects can’t turn to the mechanics lien for the solution — both the federal and state governments prohibit private companies from gaining interest in public property. New Jersey bond claim laws & liens on contract funds. Preliminary notice requirements.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Ways for Contractors to Build Trust With a Homeowner

Levelset

Shady, fly-by-night contractors will promise customers the world — and they hide the fact that they can put a lien on the owner’s home. They’ll collect a few checks, perform shoddy work, and then file a lien when the customer doesn’t pay. It’s also important to educate your customer about mechanics liens. Be responsive.

article thumbnail

7 Steps to Successful Project Closeout

Autodesk Construction Cloud

The right tools and documents make it easier to complete project closeout and keep customers satisfied. With the right tools, a well documented closeout process is surprisingly simple, helping to ensure that everything is complete, your customer is satisfied, and you can win repeat business. Key Takeaways.

article thumbnail

Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Your business plan is a living breathing document that you will change and update as needed. Invoicing - For small projects we have a Free Invoice Template you can download and for larger projects with multiple deposits, change orders, progress payments check out our Pay Application. Get cash coming in early and often.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

Your business plan is a living breathing document that you will change and update as needed. Invoicing - For small projects we have a Free Invoice Template you can download and for larger projects with multiple deposits, change orders, progress payments check out our Pay Application. Get cash coming in early and often.

article thumbnail

Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

Cash flow issues kill contractors even though they have profit. Sales tax liens against contractors twenty two times higher than any other business. Poor document management results in overpaying taxes. Poor document management results in overpaying taxes. Poor scheduling affects production and cash flow.