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

Did you know that consequential damages are one of the most common company-enders in construction? Equip yourself with the essentials and safeguard your projects from potential risks. Listen here!

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:

(1:55) - Liquidated damages are reimbursing the client for us being late

(3:43) - The company's loss of profit could be the end of the contractor's business

(4:44) - If you've asked to sign up for consequential damage or loss, it is a bad idea

(5:09) - The best companies in construction limit their downside risk as the main priority

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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