This episode is a re-run. It was originally published in May 2023.

Confused by construction payment levels? This episode breaks it all down so you know exactly how to get paid what you’re worth. Don’t miss it – listen now!

Struggling with unfair contracts or slow payments in construction? With 6,000+ contracts reviewed and $20 billion in contracts managed, Quantum Contracts' proven framework is designed to help you negotiate fair contracts, secure faster payments, avoid disputes, and improve cash flow.

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Timestamps:

(5:14) - The worst case really is you win a tender, so you've had to cut your margin to win the tender or you've had to do something to perform the work cheaper than anybody else

(5:56) - You want to get the payments to lock in the costs of the materials

(6:09) - Try your best to negotiate that front payment

(6:38) - What is your offer that you can supply that will differentiate you from everybody else?

(7:26) - Stay away from that vicious cycle of tendering lower, lower, lower, lower, lower, lower, lower until you basically make no money on 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.

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