Construction Secrets

Secure your success! Discover the contract mistake contractors should NEVER make.🔒 Tune in!

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

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:

(1:45) - Typically what you want to have happened here is you want them to make those changes into the contract and then you sign that contract

(1:57) - When you ask them to make all of the changes that you've agreed to fifty percent of the time they haven't made all of those changes

(2:34) - Whatever you sign at the end of the day is what matters

(3:40) - At the very start of every contract there's what's called an order of precedence

(5:01) - We want to have the terms and conditions above the order of precedence

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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Ready to turn your 1-page marketing plan into action? Tune in for Part 2 of my interview with Allan Dib and start implementing your strategy!👊💪

Need help with your Marketing? You can visit https://successwise.com or email Allan directly at [email protected] 📨

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:

(2:18) - A lot of mistake a lot of people make is they kind of think all right I'm going to do a really good job and then I'll ask my clients to do a review afterwards

(6:52) - So cornerstone content and these days I sort of call it a cornerstone asset because it can be most commonly it's content but sometimes it can be an experience or sometimes it can be a tool

(8:15) - Lead magnets are fine but you might have a hundred different lead magnets because lead magnets are very much attached to the ad that you run

(13:09) - When I look at marketing implementation I'm thinking leverage

(13:56) - The reason assets are important is because income comes from assets

(14:11) - If you've got good marketing assets you can generate leads, lead flow, prospects, customers

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 on August 2022.

Unethical payment practices are not uncommon among large construction companies. Listen as I share my worst encounter!😱🔊

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:

(2:44) - You don’t think it’s a variation. You agree that it’s not a variation. You’re taking on that particular cost

(3:52) - If a PM hasn’t done a good job, he wants to get out a dodge because he doesn’t want to just all comeback and buy them

(5:48) - The rule there, the lesson from there is relationships are not important as they used to be

(7:06) - You need to make sure that when something big like this happens, one you’re covered or two the downside is not so bad, that you don’t get completely ruined

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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Ready to simplify and amplify your construction business marketing strategy? Learn the art of crafting a powerful 1-page marketing plan from the Marketing Expert and Bestselling Author, Allan Dib! Listen now! 🔊

Need help with your Marketing? You can visit https://successwise.com or email Allan directly at [email protected] 📨

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:

(4:08) - Often what people are really buying is not really the commodity

(5:01) - When we're thinking about what are things that will build value is can you reduce the time or effort that it takes to deliver your service or buy your service or get a quote

(6:51) - Marketing is getting your ideal customer or prospect to know you, like trust you enough to do business with you

(10:59) - Marketing is a process

(13:47) - How can we let the market know that we have been successful without making it about us or making it outward

(15:24) - When you make claims add proof

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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Don't leave money on the table! In this video, discover why skipping contract negotiations could be costing you big in the construction game.💡 Tune in!

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

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:

(2:06) - Part of the technical qualification, each subcontractor has an opportunity to try and negotiate the terms of the contract or say what they don't agree with

(3:46) - Every proper construction company will try to negotiate

(5:17) - The downside is what's important

(5:48) - The risk is linear

(7:49) - We need to choose just a few things that are very important to your company that reduce your risk by the most

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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Find out the 7 errors that could impact your business’ finances. Listen up and keep your money where it belongs!👂

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:

(2:24) - It doesn’t matter what country you’re in, the problems are the same

(3:09) - The problem is the final contract you end up signing is different to the quote

(6:54) - There’s always going to be changes or delays, and both of those things cost you money, without a doubt

(7:59) - Most businesses don’t die of starvation, they die of indigestion

(9:21) - It is better to be the company that is known for turning down projects than taking on too many

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 on August 2022.

No time for more clients? Here's your next move! Listen to this!🔊

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:

(1:44) - They don’t have enough time to tender. They don’t have enough time to review contracts

(3:33) - The problem we see all the time with construction companies, they spend so much of their time in delivery mode

(3:55) - Something that you need to spend a reasonable proportion amount of your company’s income is on your marketing essentially, on your business development

(5:12) - You need to be constantly having that churn of leads, of potential clients

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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Knowledge is your shield! Unveil this contract trick that construction contractors include in their contracts that could cost you!💸 Tune in!

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

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:

(1:57) - So whatever state you’re in, you need to make sure that if there’s a dispute, where does it get resolved?

(3:14) - More often than not, an arbitration is a hundred grand before you even step out the door

(4:16) - In the front end, when we’re signing our contracts, we need to make sure that we check the applicable law

(5:13) - When you go to those negotiations, it is worth coming not looking for everything but be willing to give away a little bit to come to a resolution

(5:35) - You want to make sure that the actual dispute resolution – that you’re going to have is going to be something that is low cost

(6:30) - When you get into a dispute, their biggest tool against you is restricting your cash flow

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 on July 2022.

The Construction Industry has evolved in such a way that relationships aren't as important. Not that they are not important. Relationships are very important but they can go missing.🤦‍♂️ Why? Listen here!🔊

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:

(2:53) - The quarter that matters is when disputes start to happen

(3:04) - In that last quarter, clients decide to become contractual

(4:35) - If you’ve done something wrong contractually and you have a good relationship, you can get yourself out of contractual problem with your good relationship

(5:53) - Submit a notice even if you have been delayed but that hasn’t costed you time and money

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

Looking to advance your career in Construction or start up? Tune in and learn about real Construction experience and get on your way to success! 💼💯

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

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:

(3:43) - If you’re doing the same thing time and time and time again for 20 years, you don’t have 20 years of diverse experience that you can bring. You’ve got a narrow skill set

(4:22) - The advice that they said was don’t go contractor or subcontractor side, go client side

(5:05) - I think you should go and work subcontractor or contractor side

(5:11) - Actually, the most valuable positions in any of these companies are the closer you get to the money

(5:41) - The closer you get to the money, the better

(7:47) - For anyone who’s looking to advance their career in construction or their looking at it, basically it’s short-term loss for a long-term game

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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