How to handle delays and cost disputes and get on your way to success?

Here is Part 1 of my conversation with Paul Heming from 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:

(5:46) - It's about getting an outcome, getting paid, getting stuff approved

(11:18) - The transaction of money more and more is bound by the contracts and less by handshakes

(11:46) - Too often subcontractors get the short end of the stick, and that's largely because their resource is not the resource of whoever they go after

(18:54) - The first thing in catching that fundamental problem is going into the contract and negotiating that out and saying, no, no, we're not doing that

(19:47) - When I'm talking about contract and I always say it's not just contractually it's about strategy

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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Time in business is a relentless force that can make or break your success. Here are tips on how to use it wisely.💡

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:

(4:45) - You want to know what the risks are that is very important to you

(4:57) - If you were to pay someone that day rate, what would you want them to be doing for you?

(5:16) - Your time is extremely valuable to you and your business

(5:33) - You are more valuable to the company

(5:37) - Time is very important particularly for a lot of construction leaders

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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Cash flow plays a crucial role in business. Here’s a genius hack on how to avoid late client payments.

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:

(2:48) - It's about the small things

(4:01) - You're due to be paid when you're due to be paid

(4:48) - Be on top of when you're not paid

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 May 2022.

Find out why construction offices KILL your business.

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:

(5:52) - If that wasn't there and would you actually be able to get more done?

(5:55) - Would you have nicer office space than you currently have?

(6:12) - Obviously you can increase your revenue, but the other side of the coin is obviously reducing your costs

(6:21) - Having external teams to do things are not your core focus

(6:33) - That's going to make a huge difference into making you a more flexible and durable construction company

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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AI Tools are now a big help not only in the digital industry but in the construction industry as well.

Here's part two of my informative podcast collaboration with The Building Talks Podcast with Martin Preece.⤵️

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:

(4:17) - It's a race to see who loses the least amount of money

(7:12) - The law is above the contract and the contract falls as part of that

(11:25) - Just control what you can control

(16:53) - Media is leverage

(18:39) - By using AI, you can deliver things quicker

(25:04) - If you can get that business to pay for itself, you're essentially getting relationships and leads for free

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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Effective communication with contractors is a crucial skill that construction companies need to acquire in order to establish better relationships. Here's Part 1 of my interview with The Building Talks Podcast with Martin Preece!

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:

(2:46) - I was seeing so many companies losing money and going out of business because they didn't understand the contract

(15:12) - Lowest price technically qualified doesn't mean you're going to have the lowest total cost of ownership

(16:28) - If you've got a reasonable margin, you can afford better people

(23:43) - The most successful ones tend to be family-run businesses like full-family businesses

(24:47) - Making a reasonable margin on a low-risk job is better than making a high margin in a high-risk job over 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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Here are life-changing tips to overcome work-life challenges as a construction 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:

(7:13) - Work is part of life.

(7:24) - Your life is your life and work forms part of it.

(7:59) - Fix that problem that why is work not fun.

(8:30) - You can design your life however you want.

(10:22) - I got rid of everything that wasn't productive or investment, which allowed me then to only work on things that are going to move the business forward.

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 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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