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

Dive deep into the entire pre-construction process. Discover the essential steps that lay the foundation for your construction project's success in this podcast episode. Tune in!

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find to out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(3:05) - They have no intention whatsoever of awarding the work. They just want to get a guide for the prices

(3:46) - How can we reduce our risk, reduce our costs by making sure that we sign the best possible contract we can sign?

(4:37) - Wherever you are on the construction hierarchy, if you're down the chain a little bit, the risk gets pushed down the chain

(6:38) - The general terms that you're signing up to payment terms, all of that sort of stuff is up for negotiation and also your price

(7:18) - You need to be really ruthless on checking that final contract

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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Fair play down under! Australia bans unfair contract clauses, and we've got the scoop. Don’t miss out!

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want to find to out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:14) - If a company presents a contract that has unfair terms, that company could now face a penalty

(2:22) - Starting November 9th, 2023, standard form contracts can't include unjust terms

(3:13) - If they're unfair, they're not void. They're illegal

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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Bid boldly, bid wisely! Four crucial mistakes in construction bids REVEALED! Don't let these errors undermine your projects— listen now and bid with confidence! 🔊

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find to out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(2:08) - That's the game. They're giving you their worst possible contract knowing and expecting you to try to negotiate

(3:35) - You don't want to be a commodity. Instead, you could submit an alternative bid with different offers

(4:35) - You don't want to be in the selling of your services business. You want to be in the reorder business

(6:08) - The worst kind of construction business model is I'll do work today, you pay me in 90 days time

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

Want to know some sneaky secrets in your contracts? Don’t miss this episode! Secure your cashflow!

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find to out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:11) - If you don't negotiate these things, you're really putting your company at a disadvantage

(2:02) - It's all about the ways that they can terminate you, but you can't terminate them

(3:13) - If you mess up on the project or something really goes very wrong, they can come after you for way more than the contract value is worth

(4:48) - You never really want to agree to consequential damages, consequential loss

(6:08) - We're all about limiting the downside

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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Bulletproof your construction projects with foolproof contracts! Find out how to navigate the minefield of construction contracts and ensure your deals are rock-solid against today's construction challenges. Tune in!

For more videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:54) - You need to review every single contract because most contracts have the same difficult terms in them regardless of their size

(3:33) - If you're of the opinion that I can't negotiate, it isn't true

(3:55) - The worst thing I sometimes see is we see construction companies negotiate a great contract and then they don't comply with it

(5:49) - Better margin means that you can afford better equipment, you can afford better people, you can deliver a better project

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.

Follow our Socials and let's get connected! ⤵️

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Contracts: the silent architects of success or strife? Ensure your construction contracts are a blueprint for safety, not surprises. Listen here! 🔊

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(3:53) - They didn't read the contract specifically. They just signed the terms and conditions of the contract

(4:16) - They would have highlighted a clause or a section in the contract that is called document discrepancies

(5:02) - Follow the dispute resolution clause in the contract

(5:21) - As soon as you get into a dispute in construction, it's a race to see who loses the least amount of money, including you

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.

Follow our Socials and let's get connected! ⤵️

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

Contracts don't have to be the enemy of personal connections. Learn a simple trick to preserve your valuable relationships while safeguarding your business interests. Listen up!

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(2:04) - If you were to design a way to completely ruin a relationship on a project, you would start off the project. Being completely uncontractual

(3:30) - A really good way to do it instead is start off the contract

(5:06) - They know you've got all your paperwork in order. They choose somebody else. They don't come after you

(7:17) - You've got done all your contractual obligations. You can't be time barred

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.

Follow our Socials and let's get connected! ⤵️

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For new contractors entering the construction industry, these survival secrets are your key to a successful start. Discover how to establish yourself, handle challenging situations, and make your mark in this competitive business. Tune in!

For more videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:28) - If we don't want to do exactly what everyone else does what else can we do instead

(2:16) - No construction companies are doing digital marketing at all

(2:43) - When you're starting off, your reputation is all that matters

(4:11) - Most construction companies don't die from starvation or new projects

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.

Follow our Socials and let's get connected! ⤵️

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Why settle for average contract negotiations when you can negotiate like a pro? In this podcast, we share the expert techniques and strategies that pros use to negotiate effectively while minimizing risks. If you're in the construction business, this is a must-listen. Here’s Part 2 of my recent interview with Paul Heming of the Own the Build Podcast.

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:56) - This concept of liquidated damages, which is a pre-agreed amount of what it would cost if you delayed them

(7:13) - We want to cap the liquidated damages, which is the cost to reimburse the clients for them being late in construction

(9:34) - They're expecting you to negotiate. That's the game

(12:12) - Whatever that number is in the main contracts just gets lifted and shifted 100% into the subcontracts, even though the subcontract is 5% of the overall or ten or whatever

(15:06) - Your final account, your last couple of invoices, payment applications are where it all goes down

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.

Follow our Socials and let's get connected! ⤵️

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Respect isn't just a nice-to-have in construction; it's a must-have. In this podcast, we explore why respect plays a vital role in the industry and how it can lead to more fruitful partnerships and projects. Don't underestimate its power. Here's Part 1 of my recent interview with Paul Heming, CEO of C-Link and host of the Own the Build Podcast.

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(5:06) - Is that true about PWC, Deloitte, Ernst & Young going to these bigger companies and talking about if you want to be more successful, push the risk down the chain?

(7:10) - Why did you want to talk about the word respect?

(9:38) - Why is it you think there is something inside which makes contractors saying, I'd like to feel that I am considered easy to deal with? What is it that makes them feel like that?

(12:45) - How do you prepare for a meeting that I've just described which, you know, is going to be pretty savage?

(19:15) - You're trying to influence the outcome ultimately, and it's about being the reasonable man.

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.

Follow our Socials and let's get connected! ⤵️

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