Discover in this Part 2 of the Buildipedia Podcast with Mat Wilk how to steer clear of the Vicious Cycle in Construction and the importance of exercising caution regarding Termination Clauses.

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Timestamps:

(13:01) - Every major builder will have their own contracts because they are pushing risk

(13:14) - If you are lowering your risk as a builder, then you are without a doubt improving your long-term prospects

(15:34) - You will definitely get a higher margin if you deliver the projects on time within budget

(17:29) - People who are subcontractors that charge less tend to be at a higher risk in one way or another

(29:04) - Understand what happens. If you’re not happy with them, try and get them changed

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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