Category: Construction Industry

Core Values Drive Success in Construction

Core Values Blog Hero

The construction industry is built on relationships. Having a background of mutual trust and respect, on top of a history of solid performance, can catapult your company over the competition when it matters most. If you are new to the industry, this is intimidating. You need the jobs to build the relationships, and you need… Read more »

Coronavirus & Construction: Levelset’s Virtual Town Hall

Since the beginning of the coronavirus, the construction industry has found itself wading through murky waters. Are we essential? Is our project on hold? If we are working, how will we keep our team safe? And if we are not, how will we keep our teams paid? It has been a LOT to figure out…. Read more »

Your Construction Finance Blueprint

This content was produced in partnership with DARE Capital.  You are having success building your construction business. You have blueprints for jobs, but a financial blueprint for your company? Not so much. If your construction business is growing every year, but … your paycheck seems to stay the same; you always feel like cash flow… Read more »

Equipment Financing for Construction Contractors

line of construction machinery of building or mining company

Equipment financing is another powerful tool to help your business grow and succeed. Financing a newer piece of equipment can help you cut costs, avoid delays, and build credit. We sat down with Gerald King, founder of King Commercial Capital, a cash flow solutions brokerage firm that specializes in equipment financing, to learn how equipment… Read more »

Combating COVID-19 Anxiety in the Construction Industry

The coronavirus has put tremendous pressure on small business construction contractors across the country. Whether their state has deemed construction “essential work” or not, business owners are grappling with tough decisions. Some of these challenges are human — balancing the need to keep a business solvent against the very real pain of letting good people… Read more »

Payroll Tips for Construction Subcontractors

Construction payroll is more complex than payroll in more “traditional” industries. Your payroll can fluctuate when a new project starts, and every week throughout the job right up to its completion. Managing payroll internally is time-consuming, inefficient, and potentially exposes you to mistakes, lost revenue, theft and fraud. Yet, many contracting companies still choose to… Read more »

Eight Strategies to Increase Your Profit Margin

Blog Featured Image Profit Margin Strategies

Revenue is the lifeblood of your business. Profit supports your goals for growth, but many construction contractors operate on the thinnest of profit margins. Here are eight strategies you can start using today to increase the profit margin on individual jobs, and your company’s overall profit margin. #1 Know your job numbers. They say every… Read more »

Why You Need a Dedicated Payroll Checking Account

Why You Need a Dedicated Payroll Checking Account

Do you stress over payroll? Construction subcontractors face an uphill battle every week to get payroll checks written and delivered. First there is the construction industry’s slow payment problem; it is hard to pay your team when you have not been paid for the work they have been doing. But many business owners compound the… Read more »

Bidding Tips for Construction Subcontractors

Bidding Tips for Subcontractors

Your bid is a powerful tool. It’s like Thor’s hammer, knocking down the competition and winning you victory! But only if you know how to wield it. Submitting an ineffective bid, even one that wins you the job, is like swinging that hammer right at your own kneecaps. You’re probably going to go down, and… Read more »

5 Questions to Ask Your Construction Insurance Broker Before You Renew

Construction Insurance Rates Set to Rise

The construction industry is poised for a bit of a shock in 2020, as rates across multiple lines of insurance — including General Liability, Automotive Liability, and Umbrella or Excess Liability — are set to increase. According to Willis Towers Watson’s Insurance Marketplace Realities 2020, the rate increase predictions land anywhere between 5% to 30%,… Read more »