This episode is a re-run. It was originally published on May 2022

Learn what to do to avoid losing money when construction projects dry up!

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:

(2:22) - In the construction industry, a lot of times it’s about people

(3:22) - You either have to hire or fire people

(6:23) - You don’t need a huge facility or offices to show that you’re able to do the work

(8:11) - You don’t need a huge workforce

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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Learn the importance of contracts in business and my experience with a $100M Chinese Subcontractor 😱

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:

(5:51) - Regardless if you decide to go ahead with quantum or not, you 100% need to employ people contractually.

(6:49) - If these companies do that because there's a return on investment and so there is a game of contracts that you need to understand that is being played.

(7:29) - If the biggest and best construction companies out there are employing contracts people, it is for a reason.

(8:21) - How can I get a system that makes sure they get I get all my docs in a row contractually so that I'm protected contractually if anything happens?

(8:41) - Time is 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.

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Here's a secret for your construction company's growth 🤫

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:

(3:25) - What you need to do to be a successful contractor in this day and age is not just deliver on-site, but you need to deliver contractually as well.

(4:08) - Delivering on-site ensures that you get a good reputation and that you get referred and you get repeated works.

(4:18) - Delivering contractually ensures that you protect your profit margin enough and your cash flow so that you're able to do the additional work.

(4:42) - You got to be able to negotiate a good contract.

(4:48) - Understand that delivering contractually is just as important as delivering on-site.

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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Learn how this construction company wins more projects and opportunities through proper negotiation

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:

(02:10) - You need to negotiate better terms upfront.

(04:06) - You need to understand that everyone negotiates these things.

(05:45) - Ultimately it's going to reduce your risk, which is going to help you stay in business over the long term.

(05:54) - You need to be on top of your contracts.

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 April 2022

In this podcast, we'll explore some key tips and strategies for running a successful construction company, from optimizing your operations and finances to leveraging technology and building a strong team.

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:

(1:10) - The construction industry has the highest insolvency rate out of any industry

(1:31) - The equation is your reputation + repeated work + referred work

(3:07) - Are you able to contractually and commercially finance the additional work that you get?

(4:02) - They are able to deliver from a post-award point of view

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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Secret to success? Show up 😉 Here are some tips to help you achieve success in the construction industry.

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) - Things were always very competitive

(4:17) - It's not what they have, it's what they don't have

(5:01) - We want mistakes, we learn from mistakes, we want to accelerate failure

(6:18) - Can you keep going without having success?

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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There isn't just one thing that all successful subcontractors do to stay profitable, as there are many factors that contribute to profitability in the subcontracting industry.

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:

(1:20) - What are you optimizing for?

(4:01) - Most of the time, they tend to do one thing only

(5:35) - The most amount of money goes to the guys that don't lose

(6:29) - Reducing your risk in your contract negotiations

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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The secret to avoiding bankruptcy 🫣

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:

(1:36) - They were locked into a price on a massive project

(2:27) - There's no rise and fall or escalation clause

(3:11) - If you continue to work on this project you're gonna go under

(4:58) - All we wanna do is we'll take it all up so that we can just break even on the project

(6:25) - Using the word "cash flow" all of a sudden perks up their ears

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 April 2022

Don't fret about legal complications in your company; there's no cause for alarm. And here's why 🎧

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:

(1:06) - What happens when your client lawyers up? Or does your subcontractor lawyer up?

(2:31) - Now they're spending that time just keeping their foot in the game by doing these judications

(3:51) - If they were so confident, they wouldn't bother with a lawyer they would just point at things in the contract

(4:02) - You know their argument isn't that great so you know that your response needs to be

(5:17) - Don't be scared when people lawyer up

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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The construction industry is constantly evolving, and staying up-to-date with the latest trends and technologies is critical for success. Here are six ways the construction industry is changing, and what you need to do to stay ahead.

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:

(1:42) - It used to be all about relationships, but it is no longer the case.

(2:55) - You just don't really see standard contracts anymore.

(4:24) - AI, ChatGPT is actually going to replace white-collar workers pretty quickly.

(5:56) - The cost of materials, across the board, has gone bonkers, particularly in construction.

(7:01) - Everyone is experiencing difficulty in finding good people.

(8:03) - If you're a main contractor please be careful with your balance sheet.

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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