This episode is a re-run. It was originally published in November 2022.

Uncover the secrets of effective risk reduction in construction projects and level up your project management game. Dive into practical strategies to minimize uncertainty and maximize profitability. Tune in to learn how to protect your project from start to finish!

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(2:05) - When we're talking about risk, we're talking about whose responsibility it is to look after

(2:44) - When the title transfers from one person to the other, that's the transfer of ownership

(4:06) - They want the title to transfer to them on delivery

(5:33) - You want to take ownership of when you've been paid in full

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

Get ready to explore the ins and outs of running a construction business! In this podcast, we discuss 10 essential questions that subcontractors and entrepreneurs often face in the building industry. Eager to learn insider tips? Press play and start listening!

Here's the link for FREE training.

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(1:14) - What kind of training and certifications do you need to start your own construction company?

(2:45) - What type of insurance cover or guarantee should I be taking out on my company?

(5:42) - What would you say is the best sector to specialize in so that it doesn't happen to my business in a couple of months?

(7:52) - When signing onto a project, what is an acceptable timeline of the project? What is the industry standard?

(13:08) - How do I keep my IP to myself when I sign a new contract?

(15:05) - Should my price be fixed price or an estimate, which option would give me the upper hand?

(18:14) - Are there any courses you could recommend to my team and I can learn about clauses and 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.

Follow our Socials and let's get connected! ⤵️

⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

Want to find out how to land big construction contracts? Tune in to this episode where we reveal the secrets to landing high-value projects and expanding your portfolio. Press play!

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

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(1:16) Ideally you want to get a video case study

(2:35) - You might need to take a bit of a haircut to win the work

(4:10) - One thing that is really, really powerful is videos build trust

(5:06) - How do we sell and market to these guys so that they give us larger projects?

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

This episode is a re-run. It was originally published in November 2022.

Struggling to get compensated for project delays? Listen in as we share the secrets to getting paid for those unexpected setbacks. Time to turn delays into dollars – listen here!

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(2:01) - Extension of time is the mechanism within the contract that you can actually extend the PC date

(4:31) - 2 different definitions of delay. An excusable, compensable delay, or one that is not compensable

(7:02) - This is one of the big four delays and we need to figure out who's going to pay for what and what's included

(8:02) - The most difficult one is document inaccuracies or discrepancies

(9:55) - What's called a critical path, something that is absolutely necessary to make sure that happens in a specific order

(12:15) - The best term is to just want to get paid actual demonstrated costs

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

Explore the nuances of Construction Contract Administration! Join us in this episode as we reveal essential strategies for flawless contract management, giving you the edge over your competition. Elevate your skills in contract administration to unprecedented heights – don't miss out, tune in today!

Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.

We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts.

Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0

Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges

Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges

Timestamps:

(1:26) - One of the key things that you have to remember as a contracts administrator is it's not about. pushing paper from A to B

(3:19) - Lawyers understand everything in the clauses for sure, of course they do, and they understand the risks, but they don't understand how it actually plays out on site

(5:34) - The biggest problem in construction is doing work for free

(7:10) - How do you be contractual without being aggressive? How do you do it in such a way is that they don't think you're combative?

(8:15) - Contracts administrators are not paper pushers. They're switched on commercially

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

This episode is a re-run. It was originally published in November 2022.

Ready to boost your project's profitability? Tune in now!

Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:28) - What is often referred to in a contract as unfixed materials

(4:54) - What is the problem we're trying to solve?

(5:51) - You can't cashflow the rest of your project. It's a real struggle

(6:39) - You might want to have two different rates

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

Discover the hidden risk that lurks beneath the surface of your construction business. Don't let this unseen threat undermine your hard work – listen in to protect your business and secure your profits!

Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you!

Timestamps:

(2:08) - The thing about this is contracts typically are not really designed to be fair

(3:06) - What they do is if they can push the risk, if they can have you finance the project on their behalf, their cashflow is a lot better

(4:38) - What actually happens is they use the standard form contract, and then they amend that contract and then give you that contract

(5:40) - They can manipulate time bars

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

Explore the ins and outs of Construction Contract Administration with our expert guidance! We give actionable strategies for successful contract management so that you can take your business to the new heights. Ready to take your contract admin skills to the next level? Hit play and let's dive in!

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

Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:34) - Most contract administrators don't understand each of the terms of the contract

(3:28) - What we want to have is an additional pricing schedule that you're going to have just for changes and just for delays

(4:51) - The biggest problem in construction is doing work for free

(5:52) - The GROW Process

(6:27) - How do you be contractual without being aggressive?

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

This episode is a re-run. It was originally published in November 2022.

Looking to learn the art of contract exits? This podcast episode has got you covered! We talk about the strategic approaches to finding your way out of hostile construction contracts. Listen up!

Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you!

Timestamps:

(2:51) - How terminations can impact you and practical steps that you can take to ensure you've got a way out and to limit your downside

(4:03) - Termination by frustration is when you cannot finish the contract

(5:41) - What happens is the tier one, in order to remove some of the risk from himself, will push the risk down onto the tier twos

(10:58) - Cash flow is really negotiation

(12:24) - We need to negotiate what happens if you get terminated

(15:44) - The biggest advice that we can give you is the squeaky wheel gets the oil

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

Warning: your construction company is only at all times one big mistake away from going bust. Learn about the factors that could potentially end your company and the proactive measures to avoid them. Make sure you're in business for the long run – listen now!

Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠

Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠

If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you!

Timestamps:

(1:44) - What is the problem in construction and why do so many construction companies end up going out of business?

(3:16) - Most people lost a lot of money if they were locked into contracts

(4:20) - How do we make sure that one false step isn't going to put us out of business?

(5:41) - If you're not playing the contracts game, you're going to lose

(6:28) - Construction is a game about longevity

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