Construction payment service company Levelset rolled out a new feature, Contractor Profiles, that could help subcontractors identify slow-paying general contractors before taking on work with them, according to Construction Dive. The company is adding features to the pages and plans on giving contractors more control and input.
Each page features a payment score based on Levelset data, a rating based on user reviews and other information like mechanic's liens filed against their projects within the last six months.
The contractors listed on Levelset's Contractor Profile pages are not necessarily customers, but they have been at least touched by one of the company's services, such as serving as the general contractor for one of Levelset's subcontractor clients. Each review is anonymous to the public but goes through an internal vetting process to ensure the authenticity of each submission.
While the new service focuses on payment, some of the reviews also get into other issues subs have with GCs such as excessive back-charges or problems with the project management team, although CEO Scott Wolfe said the overwhelming majority of reviews are positive.
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