Welcome to the Construction Secrets podcast where we talk about signing better construction contracts, getting better project cash flow and making more profit p...
The One Thing All Successful Subcontractors Do To Stay Profitable [#ThrowbackThursday] | Ep. 354
This episode is a re-run. It was originally published in April 2023.
What’s the secret to staying profitable as a subcontractor? Tune in to discover the one thing all successful subcontractors do to keep their margins high and their business thriving. Listen up!
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 GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn
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:
(1:20) - What are you optimizing for?
(4:01) - Most of the time, they tend to do one thing only
(5:35) - The most amount of money goes to the guys that don't lose
(6:29) - Reducing your risk in your contract negotiations
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
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8:22
How This Subcontractor Negotiated Its Way Out Of Bankruptcy [#ThrowbackThursday] | Ep. 353
This episode is a re-run. It was originally published in April 2023.
On the brink of bankruptcy, this subcontractor made a bold move! Hear the incredible story of how smart negotiation tactics saved their business and turned things around. Press play to learn how you can do the same!
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 GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn
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:
(1:36) - They were locked into a price on a massive project
(2:27) - There's no rise and fall or escalation clause
(3:11) - If you continue to work on this project you're going to go under
(4:58) - All we wanna do is we'll take it all up so that we can just break even on the project
(6:25) - Using the word "cash flow" all of a sudden perks up their ears
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
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8:04
6 Ways The Construction Industry Is Changing (And What You Need To Do) [#ThrowbackThursday] | Ep. 352
This episode is a re-run. It was originally published in April 2023.
Construction is evolving fast—are you keeping up? In this episode, we dive into six key changes shaping the future of the industry and what you need to do to stay competitive.
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 GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn
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:
(1:42) - It used to be all about relationships, but it is no longer the case
(2:55) - You just don't really see standard contracts anymore
(4:24) - AI, ChatGPT is actually going to replace white-collar workers pretty quickly
(5:56) - The cost of materials, across the board, has gone bonkers, particularly in construction
(7:01) - Everyone is experiencing difficulty in finding good people
(8:03) - If you're a main contractor please be careful with your balance sheet
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
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9:45
Lessons Learned From A Subcontractor's Contractual Nightmare [#ThrowbackThursday] | Ep. 351
This episode is a re-run. It was originally published in April 2023.
Hear the story of a subcontractor’s contractual nightmare and the key takeaways that could save your project! Listen now.
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 GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn
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:
(1:25) - Subcontractors in my view are the only people that actually do any form of construction
(4:25) - From here on in we're going to have to just deal with the contract
(5:49) - That's essentially when they came to us to talk about it
(7:28) - The biggest and best construction companies have contracts teams for a reason
(8:12) - All you can promise is you will try to do something
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
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9:52
The Nominated Subcontractor Nightmare in Construction [#ThrowbackThursday] | Ep. 350
This episode is a re-run. It was originally published in April 2023.
Tune in as we break down the nominated subcontractor’s common challenges and how to overcome them. Click play!
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 GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn
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:
(1:11) - First thing is the nominated subcontractor
(3:23) - You're going to have to get the finance that's going to cost you a load of money
(4:05) - You want to have all of the things that you've negotiated done with regard to the nominated contractor just before you signed a contract
(4:49) - But the bottom line is you need the information before you sign the contract because it could cost you an absolute ton of money
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
Welcome to the Construction Secrets podcast where we talk about signing better construction contracts, getting better project cash flow and making more profit per project, and the many mistakes and failures we have learned along the way. Hosted by Cian Brennan.
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