Justin Gitelman
Articles by Justin Gitelman
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Seattle, Salt Lake City, Boston top list of best cities for construction
Thursday, January 21, 2021With high business failure rates, long payment delays, safety risks, and complex regulatory requirements, U.S. construction companies operate in a challenging environment. But every city is not created equally; location makes a big difference in a construction company’s opportunity for success. In a review of the 50 largest U.S. metro areas, Levelset compared cities on a variety of construction-related factors, including starts, employment, safety, salaries, weather, and lien security. Ten cities won top honors as the best places for construction businesses and laborers.
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Report: 39% of contractors say it’s business as usual during COVID-19
Thursday, October 01, 2020According to a new Construction Payment Report from Levelset, more than 1 in 3 contractors say they have yet to change any of their business practices in response to COVID-19. The report is based on a Levelset survey of more than 600 construction professionals, conducted in August 2020. In the months following its initial outbreak, the coronavirus pandemic upended the construction industry across the country, shutting down or delaying projects. Even where construction was considered an essential service, contractors faced financial strain from stalled funding and slow payments.
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Report: Most contractors accept slow payments, don’t take action to get paid faster
Tuesday, May 12, 2020In the recently released 2020 National Construction Payment Report, contractors reveal that they spend a significant amount of time and energy trying to get paid, but they’re largely unwilling to take steps to speed up payment. As a result of slow and incomplete payments, construction businesses suffer jobsite delays and experience stunted growth. The report is based on a survey conducted by Levelset and Fieldwire in Q1 2020. In the survey, over 540 construction businesses gave insight into the relationship between their coordination on the jobsite and payment practices in the back office.
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Why contractors need to prepare for legal disputes due to COVID-19
Thursday, April 16, 2020The coronavirus pandemic has changed the construction game. Contractors are trying to hold onto their cash as long as possible while still having to pay their subcontractors and suppliers. Cash is tight right now, and it’s leaving contractors with a major cash threat. Contractors already are faced with the longest waits for payment of businesses in any industry, which makes matters worse when the country is in the middle of a recession. As social distancing and stay-at-home orders remain in place, coronavirus will continue to impact the construction industry.