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In construction, there are a few key clauses that you need to get to grips with... Here are two crucial ones.
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:54) - Relying on relationships is not prudent.
(3:00) - If you start to become contractual halfway through the project, it's a clear change of methodology.
(4:19) - Parent company guarantee and directives guarantee.
(5:27) - You can negotiate security out of the contract which will increase your cash flow.
(6:35) - They're asking you to take on additional risk.
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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Car crashes and disputes are no fun... We can't advise you on car crashes, but we can advise you on how to navigate construction disputes. Watch this video to learn more!
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:43) - What you need to know about a dispute is that they are extremely expensive.
(3:09) - Is your car worth the same amount of money because it's crashed now?
(4:10) - If you're in a dispute, the chances of you getting all your money back are so slim.
(5:44) - It's taking money from you and it's taking attention.
(6:52) - Avoid it before it becomes a problem, if it becomes a problem, be willing to negotiate.
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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Getting that promotion you've always wanted can be intimidating... here's something you can start doing RIGHT NOW to fast-track your career.
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:25) - It's very hard to find really good project managers.
(3:17) - Every now and then you get a project manager who is one or the other.
(5:25) - You gotta encourage your PMs to understand how the contractual side is.
(6:11) - If you're very good on-site and you're commercial then you'll get promoted out of being a PM.
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 if this ONE thing could literally make you more successful?! Listen to this podcast and learn more 😉
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:25) - We did an analysis of all our clients
(3:01) - The thing that has kept the most successful people in business is that they do one thing
(5:16) - Charge more for your services because you're better at it
(6:34) - The next level of the construction business is actually don't change
(8:01) - A family business doesn't make a decision based on now and this quarter
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 back end of the contract (excuse the pun) is when squeaky bum time kicks in. Listen to this podcast to find out more. 🫣
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:33) - Squeaky Bum time, the most important part of a foodball game
(2:52) - The best way to tackle a problem is to flip it around
(5:54) - Properly negotiate the terms and conditions of your contract
(6:20) - Submit your variations and change orders all the way through
(7:08) - You don't even get into a dispute
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
If you're asked to proceed with a variation without discussing or agreeing on the costs then you need to listen to this podcast for advice.
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:44) - 26% of all insolvencies come from the construction industry
(5:48) - Before signing a contract, check the variation clause
(6:23) - You mustn't proceed with a variation until a variation is approved
(7:26) - Make sure your whole team knows that you don't start work without a signed variation
(8:18) - This is my opinion on what you could 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
Making money isn't as hard as making a profit. Here's a trick to help you to earn more cash.
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1: 33) - You need to deliver contractually, that's where the money is.
(4:07) - If you wanted to reduce your risk, as much as possible submit a notice of delay.
(5:20) - You'll make so much more money if you submit your notices.
(7:47) - Make it look like a memo, not a letter.
(8:01) - You're covering your risks because you're getting your notices in.
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
With so many construction businesses going insolvent, here's how to avoid becoming a statistic
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(1:45) - My granddad owned a construction company called Brennan Construction
(4:42) - All we care about is saving you money and reducing your risk
(8:21) - Our vision is to help 1000 construction companies globally
(10:34) - We're in a bit of trouble
(13:12) - Can this builder stay alive for the duration of my project?
(15:28) - All for spending a fortune on mentors
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
To avoid pitfalls you have to be able to pre-empt them. Here's some invaluable advice to avoid running into problems.
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
Enjoying what you’ve been hearing here on our podcast? We’ve prepared a case study to show you exactly how construction businesses like yours can save time and money with safer contracts - just click this link to get a copy: https://quantumcs.co/casestudy-podcast
Timestamps:
(4:08) - My ideal client is a tier 2 contractor
(6:19) - When you try to negotiate, you look more professional
(9:10) - The main thing is how do I get out?
(11:40) - Are you clear about the scope of work?
(13:43) - We always go back to the contract
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
Project managers have difficult job that involves a lot of juggling. Here's a tip to make your life easier.
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
If you're looking to reduce your risk by a factor of ten, make more project profit and have better project cash flow, visit this link: quantumcs.co/casestudy-yt
Timestamps:
(3:54) - The goal is to make a profit and make money
(4:30) - Be the type of person that can deliver on site
(6:20) - You need to be able to deliver contractually and on-site
(6:33) - Focus more on the money side to be good
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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