This episode is a re-run. It was originally published in December 2022.

Make your cash work for you in construction! Find out why managing cash flow is key to business success and how to do it right. Dive into our podcast!

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(1:40) - Why is cashflow such an issue?

(3:29) - The end of month is something you need to be careful of

(5:17) - If you've been asked to do additional work and if you don't notify them, you're not going to get paid for it

(7:02) - Instead of security of having a retainer, a retention, you can go bank guarantee or surety bond

(8:30) - From a contracts management point of view, we are preparing ourselves contractually for that last quarter

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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