7 Ways To Lose Money in Construction [#ThrowbackThursday] | Ep. 377
This episode is a re-run. It was originally published in September 2023.Losing money in construction? It could be happening without you even knowing it. Tune in now to discover 7 ways you might be throwing money down the drain!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.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChangesClick here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(2:24) - It doesn’t matter what country you’re in, the problems are the same(3:09) - The problem is the final contract you end up signing is different to the quote(6:54) - There’s always going to be changes or delays, and both of those things cost you money, without a doubt(7:59) - Most businesses don’t die of starvation, they die of indigestion(9:21) - It is better to be the company that is known for turning down projects than taking on too manyDISCLAIMER: 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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You're Doing Subcontractor Agreements WRONG! Here's a Smarter Alternative [#ThrowbackThursday] | Ep. 376
This episode is a re-run. It was originally published in July 2023.Are your subcontractor agreements setting you up for success—or failure? Discover the smarter alternative that can save you time, money, and stress. Listen now to learn more!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.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChangesClick here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(2:42) - They got issued a purchase order which had the client’s terms and conditions on it. Now their first question was, are we now bound by the terms and conditions of this purchase order(4:23) - You gotta know that them just issuing you a contract does not mean you have to sign it, even a purchase order or a service order(5:47) - You don’t want to find yourself in a situation where you’re already on-site with a contract that you don’t really want to be in and you’re negotiating as it’s happening(6:31) - You have to get a set of commercial principles(7:17) - You will attach these commercial principles and you will clearly say in your proposal: our price is based on the acceptance of these commercial principlesDISCLAIMER: 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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This is the MAGIC Construction Business Model (Explained) [#ThrowbackThursday] | Ep. 375
This episode is a re-run. It was originally published in July 2023.This is the construction business model that changes everything. Curious about how it works? Listen up and learn how it can unlock massive growth for your business!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.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChangesClick here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(3:09) - 10% might just be your margin and so if you get away for a whole year to realize your profit, that is essentially a bad business model in my view(5:08) - How can we move a traditional construction company from the worst business model to a better one?(5:26) - The first step is to start getting a prepayment on every project that you do(6:40) - It liquidates your cost of acquisition(7:43) - You’re actually able to secure materials and people quicker and at better rates(8:23) - You actually deliver a better outcome for your clientDISCLAIMER: 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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10:46
10 Construction Management Wins [#ThrowbackThursday] | Ep. 374
This episode is a re-run. It was originally published in July 2023.What’s the secret sauce for construction management success? It’s all about these 10 key wins! Tune in now to find out how you can apply them to your projects!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.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChangesClick here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(2:38) - Volume is vanity. Profit is sanity. But, cash flow is king in construction(3:37) - Be a squeaky wheel when it comes to payments(4:15) - Before you sign any contract. Make sure that you understand the escape hatch. How do you get out of the contract?(06:28) - So many construction companies say I am in construction when the reality is no you’re not. You’re in the business of construction(8:12) - Number one rule is do not lose money. The second rule is refer to rule number one. And, what that means in construction is doing work for freeDISCLAIMER: 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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Do THIS To The General Contractor To Make More Money [#ThrowbackThursday] | Ep. 373
This episode is a re-run. It was originally published in July 2023.Want to rise above the competition? Listen to this episode to learn how to leverage your client's reputation for a competitive edge.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.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChangesClick here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(2:33) - If you get a bad PM, like that can be terrible. I mean, that can really affect your profitability on a project, if not managed correctly(4:13) - So the way to approach this is you need to be doing it at the start and building that relationship with the project manager(4:19) - So there's two things you wanna build. One, you wanna build the reputation of their company. And two, you wanna build, if you can, build a reputation of that PM(8:02) - Remember that you want to give them a reputation to live up to because they will live up to itDISCLAIMER: 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 Quantum Contract Solutions.
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