Construction Cashflow Podcast

Construction Cashflow Friday

This week I'll be discussing:

Something undiscussed in the construction industry that causes slow payments, disputes, and delays.

Cash farming is the root cause of slow payments and cash flow problems in construction projects.

Main contractors use cash flow to make investments in land and property, leading to cash flow issues for suppliers and developers.

The problem this poses for main contractors and what they can do to avoid the pitfalls.

Proposing a solution: suppliers and developers becoming equitable partners in the main contractor's investment.

Mission

The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry. The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.

The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.

The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.

If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.

Here are some specific benefits of listening to the Construction Cashflow Podcast:

• You'll learn from the experiences of other construction professionals who have faced similar challenges and overcome them.
• You'll get practical advice on how to improve your cash flow, from budgeting and forecasting to managing contracts and collecting payments.
• You'll be inspired by stories of success from others in the industry and learn how to apply their strategies to your business.
• You'll get to know the people shaping the construction industry’s future, and you'll be able to network with them.

If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.

Hosted on Acast. See acast.com/privacy for more information.

Welcome to this special edition of Construction Cashflow. I'm Stu Davidson, and in this episode, I've compiled quotes, notes, and anecdotes from my guests from the last twenty episodes.

We'll cover cash flow, procurement, contracts, mental health, and much more.

I know that running a construction business can be challenging. There are many things to consider, and it can be easy to feel overwhelmed. But I want you to know that you're not alone. There are resources available to help you succeed.

That's why I created this community. I want to create a space where we can come together and support each other. Where we can learn from each other and grow together.

So to join the community, join the conversation, join the live chat, and support our mission, go to constructioncashflow.locals.com.

I hope you enjoy this episode. If you do, please subscribe, leave a rating, and share it with your friends. And if you're looking for more resources, be sure to join the live chat at constructioncashflow.locals.com Thanks for listening, and I'll see you next time.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, it is my pleasure to introduce you to Joe Lynch. Joe is a seasoned professional from the leisure travel industry.

Joe's expertise in marketing, business development, e-commerce, and data analytics translates directly into optimising cash flow and profitability in the construction industry. As the owner of Joe Lynch Consulting, he has a track record of helping organisations unlock their full potential and achieve sustainable growth.

Joe’s expertise also includes CRM systems, evaluating and enhancing product and service ranges, and leveraging digital marketing techniques relevant to driving cash flow in construction. These strategies are invaluable for industry professionals, business owners, and aspiring entrepreneurs. Join us as I explore with Joe his insights for financial success, from proven strategies from the leisure travel industry and how these can be adapted to revolutionise your construction business. Get ready to elevate your construction cash flow game with Joe Lynch.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, it’s my pleasure to introduce you to Gavin Coyle, Gavin is a renowned expert in evolving health and safety culture for business growth. With over 25 years of industry experience, Gavin is the founder and CEO of a global health and safety practice. As a sought-after speaker, mentor and author of the book "Workplace Safety on a Budget." he'll show you how to prioritise worker well-being while scaling your business. Get ready to unlock affordable solutions for workplace safety, protect your employees, and safeguard your bottom line. Join us now as we dive into practical strategies with Gavin Coyle.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, it’s my pleasure to introduce you to Billy Stein 

Billy is a remarkable entrepreneur in the construction industry who has faced a multitude of challenges throughout his journey. 

Despite these obstacles, Billy has emerged stronger, more determined, and more successful than ever before.

Billy shares his experiences of dealing with difficult contractors, getting paid on time, and facing labour and resource issues, while also discussing his personal growth.  

He emphasises the importance of collaboration and facing challenges head-on, leading him to achieve remarkable success in his business.

Despite experiencing setbacks such as losing his business due to a main contractor going bust, Billy overcame his alcohol addiction to start again from scratch. In just five years, he grew his business from zero to £9m, a remarkable achievement that demonstrates his dedication and resilience.

Billy's story is one of perseverance, determination, and personal growth, inspiring us all to overcome adversity and achieve success.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

Hosted on Acast. See acast.com/privacy for more information.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

In this episode, Jemma Fairclough-Haynes shares her story of how she got to where she is today and what inspires and motivates her.

We'll be discussing employment law and in particular considerations around self-employed sub-constractors and why you should ensure you have the right contracts in place.

Hosted on Acast. See acast.com/privacy for more information.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

In this episode, Rob will share his story of how he got to where he is now and what inspires and motivates him.

We'll discuss why you should keep a copy of the contract on your desk and flick through it daily. And on a deeper level, understanding the difference between defined costs and cost plus under the NEC contract is critical.

Hosted on Acast. See acast.com/privacy for more information.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

In this episode, Stu interviews Paul McDevitt, where Paul shares his story of how he got to where he is now and what inspires and motivates him.

We also discuss business strategy and the importance of understanding your value and doing your due diligence on your client. Paul started out in economics and finance but soon switched to construction where he held many senior positions including Regional Marketing Manager for Mansell back in the day. Paul went on to become an expert in business turnarounds, marketing and business strategy. He now runs the 'Positive Action Club', a support network for business leaders and professionals in construction and other sectors.

I hope you enjoy the show.

Hosted on Acast. See acast.com/privacy for more information.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

In this episode, Stu interviews the inspirational Carly Thorpe, lawyer and Partner at Walker Morris where she is also a Diversity Champion and Mental Health First Aider. Carly was named a next-generation Partner by Legal 500. She is also a member of TESCA and The Adjudication Society.

In this episode, Carly shares her story of how sh got to where she is now and what motivates and inspires her.

We also discuss contracts how you can and must have a lawyer on your team, and how best to avoid disputes.

This episode is also a must-listen if you or someone you know, perhaps a son, daughter, nephew or niece is interested in going into the legal profession.

If you enjoy the episode please subscribe and leave a Rating and Review. 🙏🏽

Hosted on Acast. See acast.com/privacy for more information.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

This is why I started The Construction Cashflow podcast, in order to keep these issues at the forefront of people's minds when setting up and carrying out construction projects.

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In this episode, I interview Ricard Brackstone CEO of RBMC. Richard has many years of experience in the industry working on all sides of the fence, for clients, contractors and specialist subcontractors.

Richard is a highly accomplished business executive and entrepreneur, known for his expertise in corporate strategy, finance, risk management and leadership. As the founder and CEO of RBMC, Richard has built a reputation for creating innovative solutions and driving successful outcomes for his clients.

Hosted on Acast. See acast.com/privacy for more information.