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

Here's a secret to gaining more construction clients

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:

(1:21) - The client side.

(2:11) - And the thing you got to remember is their KPI

(3:10) - The actual reality of the situation is that when you try and negotiate your contract

(4:53) - So how to really upset the contracts engineer is when this happens a lot.

(6:42) - So I really encourage you to think of it from their point of view when you're doing these things.

(7:04) - And so that ultimately can reduce your risk by a factor of ten on a 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.

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Subcontractors play a critical role in the construction process, and mastering this process can be key to success in the 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:

(1:10) - Three distinct parts of a construction project or phase

(2:06) - So you negotiate on price and on terms via the competitive tendering bid or if you're just going one to one with the client

(3:30) - You're gonna have to give them two types of security

(4:29) - Now you start and you get on with the project

(5:42) - You get to the practical completion date, and you get your practical completion certificate

(7:01) - Be careful, that can happen, that money's gonna be tied up for another 12 months

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 construction industry is all about teamwork, and that means building strong relationships with your colleagues and partners.

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:

(1:54) - Construction used to be this very big relationships game

(3:10) - There are a few landmark court cases in different countries which has shown conclusively that if you don't comply with the contract you're not gonna get paid

(5:38) - While relationships are important, they've changed a lot

(6:24) - I think the average life span of a job these days is two years

(7:29) - The best way to save money is to figure out which companies haven't been contractually compliant

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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Are you aiming of 100% success for your construction company? Here's a secret we would like to share.

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:

(1:22) - The problem that we see in the market

(3:29) - They don't want to be perceived as difficult by a client

(4:31) - Risk is very very important for the longevity of a construction company

(6:17) - When it doesn't go well, it goes very badly wrong

(8:01) - Margin is in post-award

(9:15) - We're happy to win a bid at a loss knowing that over the course of the project, we're going to make up the margins

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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Learn more about the squeaky bum time in construction as I discuss it in part two of my collaboration with Bridging the Gap Podcast with Todd Weyandt!

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:

(2:35) - Everything happens in that final quarter

(5:58) - People are more worried about losing money and getting ripped off than making lots of money and growing

(7:21) - It gave us confidence that you knew what you were doing

(10:23) - Machinery replaces blue-collar workers

(12:05) - Construction is a little behind as well as an industry

(13:35) - The most successful construction companies are the companies that do one thing

(15:01) - The innovation is just getting better and better at the one thing

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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Understand how the subcontractor side works in a construction project. Here's part 1 of our collaboration with Bridging the Gap with Todd Weyandt.

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:

(3:47) - When you're in your 20s, you really should be learning not earning

(5:33) - The challenge that they're facing is that AI is without a doubt here

(8:10) - Why we are using Chat GPT every day now

(9:48) - 26% of all insolvencies come from the construction industry

(10:57) - In that contract, both of those guys are gonna have lawyers, contract people on both sides are gonna negotiate a contract that they believe is fair

(14:31) - The game of construction

(18:52) - The devil is in the detail that you need to look out for

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 are some of the things that the biggest and most successful construction companies do. Learn more as Cian discusses in an interview with The Connecting Industry Podcast with Kieran Moran.

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:

(1:05) - All about Quantum Contract Solutions

(2:06) - What will happen if you are in a dispute?

(3:36) - The pitch of Quantum Contract Solutions to its clients

(5:50) - How to save 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! ⤵️

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

BUSINESS IS BUSINESS! Yes, it is, but it doesn't mean that you can abuse the other parties involved in the contract.

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:

(1:28) - It's a lot of work given the scale of these oil and gas projects

(2:55) - You don't have a contract with the principal you have a contract with the main contractor

(4:30) - The construction industry has the most insolvencies of any industry

(7:06) - If ever you're looking at your own contract make sure you have a reciprocal termination clause

(9:57) - We managed to negotiate that reciprocal termination clause

(10:19) - You can't just get out of any contract for any reason whatsoever

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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Learn more about being a laborer, about the 33% margins, and the impact of risk in this interview at The Connecting Industry Podcast with Kieran Moran.

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:

(1:50) - How did I land in the Construction Contracts Industry?

(6:00) - Advice from my father when I was starting the business

(10:26) - What I learned from the client side

(14:16) - What inspired me to push through in starting Quantum Contract Solutions?

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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In the world of construction, time is of the essence, and delays can have serious financial implications. Here's a podcast that can help you be aware of the dangers of time bars. 

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:

(0:51) - Construction subcontractors are the guys that do all the construction in the world

(2:55) - Time bars are crucial, they're critical

(4:22) - They want that information so they can accurately predict what's going to happen over the next few months

(6:07) - In a construction project, they divide it into four quarters

(7:56) - Whatever you need to do to comply with the time bars you need to get it happening in your business

(8:39) - Start submitting notices of delay where there's no cost or time impact

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