This episode is a re-run. It was originally published in February 2023.

Cash flow is king in construction. But did you know that there are four secrets to increasing it? Listen to find out!

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Timestamps:

(1:23) - Cashflow is one of the biggest reasons why construction companies go out of business

(3:15) - The first thing you need to look at is the payment terms

(4:40) - They ask you to notify them within 1-2 business days if there's a delay or if there's a change on-site

(5:52) - You want to make sure that you're getting paid

(6:49) - There may be an option to submit an alternative tender

(8:25) - You can make your margin back, the 5% that you lost, in post-award easily

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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