Construction Secrets

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

Most of the time, the client won't approve your change order for ages, for a long time, and that kills your cash flow. How to prevent this from happening? Tune in to find out!

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(2:46) - In the States, it's predominantly change order. The rest of the world, it's variation. It depends on the contract

(3:11) - What is a change order?

(6:33) - You can also submit a notice of dispute against their rejection

(7:59) - When you do the variations, then you can get really aggressively negotiated down, and that hurts your margin

(9:06) - Sometimes a contract will ask you to specify what your profit and overhead is going to be

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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Tired of watching the same construction giants dominate the market? Find out what they're doing differently and how you can level the playing field for your business in this compelling podcast episode. Revolutionize your approach to success – listen now!

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(1:24) - Why is it these companies managed to last so long while seven out of 10 of the average construction companies go out of business within 10 years?

(2:21) - The more expensive you make it, the more people want it

(3:18) - The problem is most construction companies sit in no man's land

(4:25) - If you have a bad reputation, you're not going to get work from people

(6:01) - They understand the importance of negotiating their contract upfront to lower the risk and improve the terms so they can actually make more margin

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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Think negotiation isn't for you? Think again! Uncover the true value of negotiation and why it is an essential practice in construction. Tune in!

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

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(0:39) - People that finish towards the end are the people that are more disputes and you'll find

(1:06) - If you don't negotiate better terms up front, you're absolutely going to put yourself at a disadvantage

(2:34) - They give you their worst contract

(3:56) - Ultimately it’s going to reduce your risk which is going to help you stay in business over the long term

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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What's hidden behind time bars in construction? Find out in our podcast, where we reveal the lesser-known aspects that can impact project timelines. Tune in to stay ahead of the curve and gain a deeper understanding of this critical construction element.

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(1:35) - Contract is king and time bars that bite

(3:41) - They captured delays and they captured costs as their project was going on so they could forecast their costs and completion dates more accurately

(4:53) - In construction, they try and make those time bars super, super small

(8:33) - When we're looking in a contract to negotiate a contract, what we want to do is we want to find all the time bars and we're going to bump them up

(9:31) - Don't wait for lots of variations to come to submit it in one

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! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

Hold off on that construction business launch until you've heard this podcast! Explore the crucial aspects and potential stumbling blocks that could influence your business’ success. Listen up!🔊

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(1:23) - Owners of construction companies live with the constant insecurity of going out of business

(2:14) - Embrace the fear, the negativity, the complaints. Let them serve to improve you as a person and your construction company

(3:14) - Is a construction business really worth the hassle?

(4:47) - Inversion thinking is about flipping the way you approach problems. It means looking at them from the reverse perspective

(6:13) - Great margins are where you make enough money to hire the best people, have the best equipment so you can deliver on the best outcome

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! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

Find the perfect balance in your construction business! Get practical tips to steer clear of burnout and nurture personal growth. Witness the incredible difference these changes can make. Don't miss out!

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

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(2:26) - It was a 12 hour a day for 28 days straight. There was no RDO

(4:35) - How much you want to work at what you're doing. Ah, that's the question

(5:03) - Why is work not fun? Like, why can't you have a situation where you want to work a lot?

(6:36) - Where was I spending all of my time?

(7:42) - The book that I recommend is it's by a guy called Dan Martell and the book is called Buy Back Your 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.

Follow our Socials and let's get connected! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

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

Why does Practical Completion hold the key to construction triumph? Discover the significance of this crucial milestone and gain insights into how it shapes the final stages of your construction projects. Listen now!

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(1:34) - Practical completion also referred to as PC is the end date of the contracts

(2:10) - On the construction program, there's some things that if you delay, it's called it's on critical path, which pushes out the practical completion date

(3:18) - You have to get a practical completion certificate signed by you and signed by them to everyone has agreed that you are complete

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! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

How to build a great reputation in construction? Tune in to this podcast and position yourself as the go-to contractor for clients seeking excellence in their projects.

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(2:02) - You are not your business, you're not your net worth

(3:25) - Your clients don't think you are as good as you actually are

(4:29) - Client experience is defined as how customers perceive their interaction with your company

(5:01) - The perception is that you are the same as everyone else

(6:38) - If they're comfortable enough to give you a case study they're obviously really happy at what you do

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! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

Get ready for a gripping story about a construction contract gone wrong. See the fallout of neglecting contracts and pick up must-know tips to avoid similar issues. This story is a game-changer for how you deal with contracts — tune in now!

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

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(2:13) -They're coming to the end of the project towards the end of the project and the project manager that they were dealing with leaves

(3:46) - Even if you do a great job on-site, the contractual stuff really matters, even if their project manager tells you to not comply with the contract

(4:39) - Everything is more contractual, even smaller construction companies have corporate governance in place

(5:03) - The biggest and best construction companies have contracts teams for a reason

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! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

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

Explore the concealed challenges within the construction industry, especially impacting subcontractors. In this episode, we reveal the hidden elephant in the room and understand why addressing it is essential. Listen up!

Our “Quantum Contract Advantage Service” 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. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

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:

(3:08) - These guys are called tier-one construction contractors. In the States, it can be called general contractors

(3:45) - The goal of the tier one is to make money

(5:41) - What happens is the tier one, in order to remove some of the risk from himself, will push the risk down onto the tier twos

(6:22) - The tier twos typically haven't got the resources, the time, or the expertise to be able to deal with reviewing those contracts and negotiating

(7:31) - When you're actually looking at the contracts themselves, the company will be defined as the name of that tier one, and the contractor will be defined as the name of the tier two

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! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter