In this episode of Jimmy Talks Construction, James sits down with Michelle Cirson, founder of Subcontractor Legal and The Subbiesโ Toolbox, to unpack the contractual and commercial traps costing Australian subcontractors millions.
Michelle explains why retentions are often used to support builder cash flow, how Security of Payment legislation works, why being the โgood blokeโ can leave subcontractors exposed and when suspending work may be the only way to bring a builder to the negotiating table.
They also discuss:
โข A formworker pressured into taking on three high-rise projects with one builder
โข How payment claims can be deliberately delayed or reduced
โข Why subcontractors need an accounts receivable escalation procedure
โข Protecting machinery and equipment through PPSR registrations
โข An excavator being withheld after a subcontractor entered liquidation
โข Directorsโ guarantees, secured creditors and preference payments
โข Fixed-price contracts and rapidly increasing fuel costs
โข Variations, acceleration claims, delay costs and contractual time bars
โข Why relationships alone will not protect your construction business
This is essential listening for subcontractors, civil contractors, trades, plant hire companies, commercial managers, contracts administrators and construction business owners.
This podcast contains general information and discussion only and should not be treated as legal advice.
How to Claim Costs Increases Under Fixed Price Contracts:
https://www.subbiestoolbox.com.au/cost
Connect with Michelle:
๐ Website: https://www.subcontractorlegal.com.au/
๐ Website: https://www.subbiestoolbox.com.au/
๐๏ธPodcast: https://open.spotify.com/show/68whpTaxxcmIDhWXNdXIu5
๐๏ธPodcast: https://podcasts.apple.com/ie/podcast/the-subbies-toolbox-podcast/id1663062832
๐ผ LinkedIn: https://www.linkedin.com/in/michellecirson/
Connect with Jimmy:
๐ Website: https://starbuckgroup.com.au
๐บ YouTube: https://www.youtube.com/@JimmyTalksConstruction
๐ธ Instagram: https://www.instagram.com/starbuckexcavation
๐ Facebook: https://www.facebook.com/starbuckexcavation
๐ผ LinkedIn: https://www.linkedin.com/in/james-starbuck-13336546/
Sponsorships + Guest Enquiries: [email protected]
Send in Business Problems: [email protected]