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

Ever wondered how to build a highly profitable career in construction? In this podcast, we reveal the secrets that can help you succeed and earn big. Listen up!

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/Yt2025

Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChanges

Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptIn

Timestamps:

(2:02) - The man who built Galway

(4: 11) - Do I wanna go client-side or contractor-side?

(6:17) - On the client's side, you're typically in one project for a long period of time

(8:01) - A project manager who understands the contract, who understands the commercial side of it - that's what's powerful

(10:55) - If you want to start your own business, it's almost a no-brainer that you wanna go contractor

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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In construction, it's not just the job that counts—it's the connections you create. Uncover how building the right relationships can elevate your success. Tune in now!

For more videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube

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/Yt2025

Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChanges

Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptIn

Timestamps:

(1:49) - Corporate governance used to be a thing for only huge companies

(2:44) - Even though relationships are still important if you haven't done the contractual stuff, there's nothing you can do

(3:17) - While relationships are important, they've changed a lot in that you have to be contractual

(5:01) - The best way to save money is to figure out which companies haven't been contractually compliant and essentially not paid them

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

Find the ONE thing you need to be more successful in construction. 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 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) - We did an analysis of all our clients

(3:01) - The thing that has kept the most successful people in business is that they do one thing

(5:16) - Charge more for your services because you're better at it

(6:34) - The next level of the construction business is actually don't change

(8:01) - A family business doesn't make a decision based on now and this quarter

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! ⤵️

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Respect isn't just a nice-to-have in construction; it's a must-have. In this podcast, we explore why respect plays a vital role in the industry and how it can lead to more fruitful partnerships and projects. Don't underestimate its power. Here's Part 1 of my recent interview with Paul Heming, CEO of C-Link and host of the Own the Build Podcast.

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(5:06) - Is that true about PWC, Deloitte, Ernst & Young going to these bigger companies and talking about if you want to be more successful, push the risk down the chain?

(7:10) - Why did you want to talk about the word respect?

(9:38) - Why is it you think there is something inside which makes contractors saying, I'd like to feel that I am considered easy to deal with? What is it that makes them feel like that?

(12:45) - How do you prepare for a meeting that I've just described which, you know, is going to be pretty savage?

(19:15) - You're trying to influence the outcome ultimately, and it's about being the reasonable man.

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! ⤵️

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

Uncover the secrets to outshine your competitors in this important conversation about contract administrators in construction. Don’t miss out!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:14) - Contract administrators are very important and it depends on where you are in the world where you live from

(3:53) - If you deliver on-site, you're going to get a good reputation for getting the work done and you're going to get referred work

(4:28) - A contracts administrator is someone who understands a contract inside out

(5:52) - What are the chances in the work that we're doing that something is going to happen in between, say, month 12 and month 24?

(11:18) - If you're looking to hire someone, make sure that they have the commercial acumen

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! ⤵️

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Learn about the money side of construction and watch your business grow! Tune in!

For more videos, subscribe to my youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:34) - What we actually want is to receive a lot of money upfront before we do any work

(2:38) - The worst case is you are the same as everybody else

(3:40) - A lot of construction companies don't do good marketing

(5:48) - If you're looking to be around for a long time, how likely is your current business model?

(6:37) - They've essentially used construction to change an entire economy

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! ⤵️

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

Contracts often state unnecessary complexities, but fear not, as we're here to help you! Tune in!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:40) - While they are construction companies that have construction expertise, they're actually finance companies

(4:02) - It is in their best interest as a risk arbitrage to make the contracts down the way more aggressive than the one that they've signed

(5:40) - The construction industry has the highest insolvency rate out of any industry

(6:15) - Their goal is to push the risk down onto you

(7:51) - Even though it looks like a standard contract, it isn't necessarily going to be a standard contract

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! ⤵️

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What is your business famous for? How do you establish your construction business in a way that it stands out from everyone else? Listen here and get all the valuable tips from my interview with Allan Dib! 🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:08) - It's content, but sometimes it can be an experience or sometimes it can be a tool

(2:14) - What's something that you're known or famous for within your target market that kind of acts as a magnet?

(4:41) - We want to demonstrate that we can help the prospect by actually helping them in advance

(5:07) - Goodwill translates to brand equity and translates to, you know, cash

(6:26) - That little arm of your business doesn't need to make lots 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! ⤵️

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

Most individuals dedicate around 220 workdays annually, and while it might appear substantial, excessive unnecessary tasks and administrative chores call for a smarter approach. Discover essential tips to reclaim your time, ultimately preventing long-term financial losses in this episode. Listen up! 🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:27) - By signing a better contract at the end of the day, it reduces your downside

(2:08) - Lots of different ways in the contracts so that you can make more profit or lose less money

(4:24) - How much earning potential you have on a day

(5:09) - Your time is extremely valuable to you and your business

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

Find out how to win big in construction even in today’s tough financial climate. Listen up!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:11) - Who are they? What type of revenue do they have? How many employees do they have? What type of company do they have?

(3:00) - The right type of clients are going to pay you more

(3:14) - If you get on top of this, you'll have an advantage on everyone. It doesn't even have to be expensive

(4:39) - You're just not competing with other people on price. You want to be offering different things

(6:34) - So many countries in the world are pushing towards green construction

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! ⤵️

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AI meets drones: the incredible duo taking the construction world by storm! Get the inside scoop here!

AI in Construction Playlist: https://quantumcs.co/AIinConstruction

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(3:24) - In the case of disasters or big big issues drones can be used to locate and rescue injured workers

(4:07) - The biggest one is costs

(4:44) - With real-time accurate data you're going to be able to make a lot better more informed decisions

(5:29) - It's actually replacing quite a lot of jobs very very quickly

(6:11) - But they still have a step where they get a proper engineer to review that particular step in the process

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! ⤵️

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Do you believe that negotiating contracts in construction pushes projects away? Think again because in this podcast we are debunking this myth! Listen up! 🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:46) - I think if we try to negotiate our client is going to award us the work

(2:42) - The biggest construction companies, the most successful companies negotiate like absolute crazy

(4:03) - Do you think that works in your favor or against you? Do they think you're easier to deal with or are they thinking you don't really know what you're doing?

(5:25) - Limiting the downside is more important than looking for this huge upside

(5:58) - Everything can be negotiated

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! ⤵️

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

Avoid the headache of late projects by listening to this podcast and taking control of your timelines! Listen now!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:24) - They award the contract typically to one large construction company

(2:34) - What happens in the situation where your subcontractor is late

(3:30) - A lot of times they'll blame their clients for not paying you

(5:12) - There's a relationship side of things and there's the contractual side of things

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! ⤵️

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Deeds and guarantees can be a minefield in construction contracts. Learn the crucial details and avoid potential pitfalls with our expert advice. Tune in 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 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:

(0:26) - Director's Guarantee is taking personal liability before something going wrong

(0:54) - A lot of times they want a parent company to guarantee that you will complete the work

(1:30) - You can actually negotiate security out of the contract, which will increase your cashflow

(2:26) - When there's a deed in the contract that they want you to sign, they're asking you to take on additional risk

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! ⤵️

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Did you know that training your leaders is key to your business success? Listen in and discover how to train like a pro for unbeatable construction leadership! 💪 Here’s Part 2 of my interview with Ryan Castle.

For management training that sticks not only to your leaders but also to your business, visit thebreakthrough.co or connect with Ryan Castle directly on Linkedin.

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:50) - How do we attract, hire and retain top talent?

(3:04) - Why do you think people are leaving your organization and moving to other organizations?

(6:23) - To be part of a high-performance organization, you need high-performance people at every level

(12:19) - Develop people continuously over time

(13:13) - Who in the organization is the best bang for buck to start training?

(14:39) - When you are trying to create a high performance, you really are trying to instill a cult – what we refer to as a culture of contribution

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! ⤵️

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Scale smarter, not harder, with this essential podcast on construction company growth! Get all the valuable insights in this episode with Ryan Castle, CEO of The Breakthrough.Co. Tune in!

For management training that sticks not only to your leaders but also to your business, visit thebreakthrough.co or connect with Ryan Castle directly on Linkedin.

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(7:05) - Once you start scaling beyond that, you actually have to move away from being a doer into being a leader

(8:33) - What are the biggest mistakes that you see construction company leaders make?

(9:15) - How do I figure out whether I'm working in my business or on my business?

(10:09) - How might we expand our business into another state or another city or another country

(15:16) - How do you go about developing your people leaders, like helping them transition from being a great tradesperson into a good leader

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! ⤵️

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Contractual disputes can be stressful, but you don't have to tolerate being pushed around. Stop contractual bullying! 🛑 Tune in!

For more videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:18) - When you're on the client side, one of the things that you have to deal with all of the time is you have to take whatever the contractor gives you and turn it around

(2:19) - Sometimes you're overclaiming

(3:35) - Build up that body of evidence

(4:52) - How about we just go to a different contractor to recoup our money?

(5:08) - The only way you can get revenge is by being successful

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

Before you ink that deal, think twice! This tip could save your construction project from becoming a nightmare. Listen up! 🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(00:45) - What is nominated subcontractor

(1:39) - What can happen though is you sign a contract and it says very briefly nothing. You know nothing about it

(3:02) - What do you need to do to get around this?

(3:54) - 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.

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Want to know the secret to earning trust in your construction business? Listen to this podcast with Allan Dib! 🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:38) - Give some proof along with claims that you make, and that will give them a lot more credence as well

(2:29) - There's this, it's what I call an awesomeness gap

(3:22) - People only buy based on your marketing. They don't buy based on using your product or service because by that time they've purchased already

(4:19) - How can we procedurize into our day to day work, getting reviews, getting testimonials from clients?

(6:19) - Have a few prompts where you can prompt them. So for example, why did you choose us over our competitors?

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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Join the discussion and discover the TRUTH about the challenges contractors face in the construction world! Listen up!👂

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:29) - It's a bit of an epidemic of construction companies going out of business

(3:51) - There's two things has been scarce

(5:48) - What the GCs and main contractors tend to do is they squeeze people's cashflow in order to make a deal

(6:07) - How do we keep our cashflow alive? How do we make sure that we get paid?

(8:01) - Basically, you want to kill them with paperwork

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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Construction Project Managers! Want to upskill and get promoted? Tune in!

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:48) - We have to realize that there are two parts to construction

(2:47) - You might want to be doing something much better, but the goal is to make a profit and to make money ultimately because it is a business

(3:24) - You need to be the type of person that can deliver onsite, deliver everything from a construction point of view, but also deliver contractually and commercially

(5:31) - The people who can bring in the money are who get promoted

(6:22) - If you want to move up in the construction industry, you got to get good at the contract things because that's what brings the money in the door

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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This episode is a re-run. It was originally published on August 2022.

Need to fast-track your construction project? Start by understanding these 3 critical items!📢

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:20) - Always remember these guys, the project manager that you're going to deal with, or whoever it is on their side are always going to look after their own behinds

(3:03) - Very simply don't sign a contract that says you'd accelerate for free

(3:27) - Are you asking me to accelerate because you're late? Or are you asking me to accelerate because the client wants to speed up the whole thing?

(4:45) - Understand who is paying for the acceleration before you start accelerating the works whatsoever

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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Make your construction business stand out without putting that extra work! Listen to this podcast as Allan Dib reveals the secret sauce to marketing. Don’t miss out!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(00:59) - Another way I think of marketing is amplification, right? So how do we amplify our message?

(1:54) - Let's figure out a message that can really cut through within your target market that really resonates with your target market

(2:29) - Talk to us on volume and what that means and the difference between a single activity and daily activities

(4:04) - I work on high-impact marketing activities

(5:25) - You don't get strong by doing a thousand different movements

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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Why does cashflow matter so much in construction? Get the answers here!

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:37) - Ways that we can get ourselves into a better contractual position

(4:34) - You need to notify them if you’re delayed. You need to notify them if you’ve been asked to do additional work

(5:09) - Obviously, getting them to approve so quicker is going to help your cashflow

(6:24) - As much as possible, get pre-payments. Get paid upfront

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

The back end of the contract (excuse the pun) is when squeaky bum time kicks in. Listen in as we dive deeper into this critical phase.

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 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:

(1:33) - Squeaky Bum time, the most important part of a foodball game

(2:52) - The best way to tackle a problem is to flip it around

(5:54) - Properly negotiate the terms and conditions of your contract

(6:20) - Submit your variations and change orders all the way through

(7:08) - You don't even get into a dispute

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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This episode is a re-run. It was originally published on August 2022.

Attention Civil Contractors: Make your work better and easier with these must-know tips!💡👷‍♂️ Tune in!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:18) - You want to make sure that you're either eliminating liquidated damages from the contract

(1:49) - The worst thing that you could do is sign really high LDs that are way more than 1 percent of the contract value

(3:56) - Make sure that there's no re-warranty period

(4:34) - The big issue that can happen and does happen all the time is you need to be prepared for the moment where you're late or whatever's happened or issues that happen

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! ⤵️

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Get wise about construction contracts and say goodbye to risks!⚠️ Here’s Part 2 of my interview with Kenny Myers in the Constructing Art Podcast. Don’t miss this!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(3:37) - The terms and conditions is something is another document in the contract that you need to be able to interpret

(5:44) - The key thing is it's not about starting a business it's about staying a business

(11:06) - A great strategy is to avoid disputes at all costs

(13:14) - How to not work with Quantum?

(18:16) - You got to have a longer-term perspective and understand that risk is silent

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! ⤵️

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Don't let cashflow issues ruin your construction projects! Here’s Part 1 of my interview with Kenny Myers of the Constructing Art Podcast. Tune in!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(6:21) - A lot of subcontractors are of the impression that if I try to negotiate I'm going to lose the work, and so they don't negotiate

(8:00) - Understanding what each clause in the contract means is very very important on how it impacts you

(13:13) - How can we structure our business as a high cashflow business?

(18:03) - When people pay more, they pay attention more, and they value your service more

(22:19) - The actual problem in that clause is a lot of times you don't have a way to terminate them

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! ⤵️

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Discover the secrets to setting your construction company apart from the competition and making it truly unique! Tune in to find out how.🎧

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:26) - How do you differentiate yourself to not be a commodity and not just have to compete on price alone?

(1:46) - Most of us, to some extent are selling a commodity

(2:03) - Often what people are really buying is not really the commodity

(3:44) - So speed, effort, time, and risk. Really, can you reduce the risk of doing business?

(4:14) - A lot of times it's about the things that are surrounding the core product

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! ⤵️

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This episode is a re-run. It was originally published on August 2022.

Uncover the reasons why signing so-called "standard" contracts might not be in your best interest. Whether it's an AIA, ASCE (US), JCT, NEC, FIDIC (UK), or AS (Australia) contract, they all share a common flaw that makes them questionable choices for your signature. Listen up!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:58) - If you get a contract, now what they've done is they've given the standard contract to a lawyer and they say change that contract so it looks the same

(4:06) - Standard contracts don't really exist anymore. If you get it, it's just a template that they've amended

(5:01) - If your risk is lower, then you're better, you're better off ultimately

(6:14) - If they haven't amended it, if they've amended it, it's pretty hostile and you need to be fully aware that it needs to be reviewed

(7:38) - If you can stay in construction over a longer period of time, you're pretty, you're going to do well, you're going to get a better reputation

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! ⤵️

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Ready to elevate your construction company to new heights? Learn the art of mastering THIS ONE crucial thing. Don't miss out!

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:32) - The best construction companies that are out there do one thing

(3:16) - A lot of the biggest companies are family-run companies private companies that have been in business for a long long period of time

(4:18) - I need to make decisions based on the company lasting over time and it's those decisions that are the decisions that are better. They're long-term decisions

(5:18) - Get paid upfront

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! ⤵️

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Learn the art of being heard in construction!👌Tune in to this Part 2 of my interview with Ryan Castle for expert tips on becoming the squeaky wheel that gets the oil in your construction projects!🛞😉

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:42) - If you're always only bidding and that's your only acquisition channel, well then there are always races to the bottom because it's the lowest price technically qualified wins

(3:38) - Contract management in my view is quite simple, is that you have to prepare a body of evidence

(8:22) - Most construction companies do not die of starvation, they die of indigestion and that is cash flow restriction

(11:28) - They're going to use not approving things quickly as a tool against you because if they don't then your cash flow gets hit

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! ⤵️

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This episode is a re-run. It was originally published on August 2022.

Discover why we're fortunate to be part of the incredible construction industry. Here are three reasons it truly rocks! Tune in! 🙌🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(3:31) - There are loads of problems as there is, but like, You have that community. And, that's one of the main reasons that the construction industry is great

(4:18) - You've got to apply your skills differently every time. So you really do have a lot more skill or experience over time

(6:28) - What is the best way to re-stimulate our economy?

(7:15) - Typically the construction industry is one that gets stimulated by the government

(7:31) - You're signing better contracts to have a low risk

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! ⤵️

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Is your contract a shield or a dagger?🤔 In this episode with Ryan Castle of the Master Builders Elevate Podcast, we reveal why the construction contract is a double-edged sword you must master. Listen here! 🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(6:48) - Ultimately what happens in the industry is the further down the chain you go the more risk there is

(9:46) - Smaller companies have better corporate governance they're also being advised just like every other company has that you need to push the risk down the away

(10:18) - A lot of large Australian companies or global companies have come into New Zealand to do projects and so with that, they're taking those the way they do business

(12:38) - What would be advice you would give to someone around who's maybe feeling that going I'm not feeling too confident about being involved with maybe these head contractors

(13:47) - How can we let the market know that we have been successful without making it about us or making it outward

(14:35) - The perception of risk is very similar to the perception of safety

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! ⤵️

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Secure your success! Discover the contract mistake contractors should NEVER make.🔒 Tune in!

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:45) - Typically what you want to have happened here is you want them to make those changes into the contract and then you sign that contract

(1:57) - When you ask them to make all of the changes that you've agreed to fifty percent of the time they haven't made all of those changes

(2:34) - Whatever you sign at the end of the day is what matters

(3:40) - At the very start of every contract there's what's called an order of precedence

(5:01) - We want to have the terms and conditions above the order of precedence

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! ⤵️

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Transform conflicts into chances for growth! Tune in for expert advice on managing disputes and ensuring project profitability. Click play and grow your success!

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 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:

(1:45) - The real problem when it comes to contract management is there's so much misinformation out there

(2:55) - Too often, the default next step is straight to court or arbitration, which can be prohibitively expensive

(3:54) - Before signing any contract, review the dispute resolution clause, make sure there's an escalation process in place

(5:51) - Inform your client that delays in approval are hurting your cash flow and your ability to commit to future changes

(6:57) - Get in front of the decision-makers, present your case clearly, and be willing to compromise

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! ⤵️

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Ready to turn your 1-page marketing plan into action? Tune in for Part 2 of my interview with Allan Dib and start implementing your strategy!👊💪

Need help with your Marketing? You can visit https://successwise.com or email Allan directly at allan@successwise.com 📨

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:18) - A lot of mistake a lot of people make is they kind of think all right I'm going to do a really good job and then I'll ask my clients to do a review afterwards

(6:52) - So cornerstone content and these days I sort of call it a cornerstone asset because it can be most commonly it's content but sometimes it can be an experience or sometimes it can be a tool

(8:15) - Lead magnets are fine but you might have a hundred different lead magnets because lead magnets are very much attached to the ad that you run

(13:09) - When I look at marketing implementation I'm thinking leverage

(13:56) - The reason assets are important is because income comes from assets

(14:11) - If you've got good marketing assets you can generate leads, lead flow, prospects, customers

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! ⤵️

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This episode is a re-run. It was originally published on August 2022.

Unethical payment practices are not uncommon among large construction companies. Listen as I share my worst encounter!😱🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:44) - You don’t think it’s a variation. You agree that it’s not a variation. You’re taking on that particular cost

(3:52) - If a PM hasn’t done a good job, he wants to get out a dodge because he doesn’t want to just all comeback and buy them

(5:48) - The rule there, the lesson from there is relationships are not important as they used to be

(7:06) - You need to make sure that when something big like this happens, one you’re covered or two the downside is not so bad, that you don’t get completely ruined

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! ⤵️

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Ready to simplify and amplify your construction business marketing strategy? Learn the art of crafting a powerful 1-page marketing plan from the Marketing Expert and Bestselling Author, Allan Dib! Listen now! 🔊

Need help with your Marketing? You can visit https://successwise.com or email Allan directly at allan@successwise.com 📨

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(4:08) - Often what people are really buying is not really the commodity

(5:01) - When we're thinking about what are things that will build value is can you reduce the time or effort that it takes to deliver your service or buy your service or get a quote

(6:51) - Marketing is getting your ideal customer or prospect to know you, like trust you enough to do business with you

(10:59) - Marketing is a process

(13:47) - How can we let the market know that we have been successful without making it about us or making it outward

(15:24) - When you make claims add proof

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! ⤵️

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Don't leave money on the table! In this video, discover why skipping contract negotiations could be costing you big in the construction game.💡 Tune in!

For more Construction Secrets videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:06) - Part of the technical qualification, each subcontractor has an opportunity to try and negotiate the terms of the contract or say what they don't agree with

(3:46) - Every proper construction company will try to negotiate

(5:17) - The downside is what's important

(5:48) - The risk is linear

(7:49) - We need to choose just a few things that are very important to your company that reduce your risk by the most

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! ⤵️

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Find out the 7 errors that could impact your business’ finances. Listen up and keep your money where it belongs!👂

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(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 many

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! ⤵️

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This episode is a re-run. It was originally published on August 2022.

No time for more clients? Here's your next move! Listen to this!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:44) - They don’t have enough time to tender. They don’t have enough time to review contracts

(3:33) - The problem we see all the time with construction companies, they spend so much of their time in delivery mode

(3:55) - Something that you need to spend a reasonable proportion amount of your company’s income is on your marketing essentially, on your business development

(5:12) - You need to be constantly having that churn of leads, of potential clients

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! ⤵️

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Knowledge is your shield! Unveil this contract trick that construction contractors include in their contracts that could cost you!💸 Tune in!

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(1:57) - So whatever state you’re in, you need to make sure that if there’s a dispute, where does it get resolved?

(3:14) - More often than not, an arbitration is a hundred grand before you even step out the door

(4:16) - In the front end, when we’re signing our contracts, we need to make sure that we check the applicable law

(5:13) - When you go to those negotiations, it is worth coming not looking for everything but be willing to give away a little bit to come to a resolution

(5:35) - You want to make sure that the actual dispute resolution – that you’re going to have is going to be something that is low cost

(6:30) - When you get into a dispute, their biggest tool against you is restricting your cash flow

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! ⤵️

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This episode is a re-run. It was originally published on July 2022.

The Construction Industry has evolved in such a way that relationships aren't as important. Not that they are not important. Relationships are very important but they can go missing.🤦‍♂️ Why? Listen here!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:53) - The quarter that matters is when disputes start to happen

(3:04) - In that last quarter, clients decide to become contractual

(4:35) - If you’ve done something wrong contractually and you have a good relationship, you can get yourself out of contractual problem with your good relationship

(5:53) - Submit a notice even if you have been delayed but that hasn’t costed you time and 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! ⤵️

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Looking to advance your career in Construction or start up? Tune in and learn about real Construction experience and get on your way to success! 💼💯

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(3:43) - If you’re doing the same thing time and time and time again for 20 years, you don’t have 20 years of diverse experience that you can bring. You’ve got a narrow skill set

(4:22) - The advice that they said was don’t go contractor or subcontractor side, go client side

(5:05) - I think you should go and work subcontractor or contractor side

(5:11) - Actually, the most valuable positions in any of these companies are the closer you get to the money

(5:41) - The closer you get to the money, the better

(7:47) - For anyone who’s looking to advance their career in construction or their looking at it, basically it’s short-term loss for a long-term game

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! ⤵️

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Construction Legends, this is something to be proud of! Discover why the Construction Industry is one of the best to be in right now. Here is Part 2 of my interview with David Corson of the Commercial Construction Coffee Talk Podcast. Listen here!👂

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:34) - There's a lot of money to be made at leasing as well

(4:54) - I think everyone expected AI to replace blue-collar jobs. And it actually looks like AI is probably gonna replace white-collar jobs first

(6:32) - You've got to hold the reins tight on AI because it's a dicey concept

(8:43) - There's so many other things that you can do and if you wanna make a change, all you have to do is have a starting point and go for it

(9:22) - Once you're on the web, you're a global company, anybody can find you

(9:57) - Without the subs, You can't get the job done, and we don't want them going out of business

(10:39) - Construction is, as industries go, is probably one of the best to be in because even with AI, even with things like when you are still building things, You might have to innovate. But, we're always gonna be building things. We're always gonna be renovating things

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! ⤵️

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

Pushed to start a variation without finalizing costs? Tune in for essential advice on how to handle this situation.

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 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:

(1:44) - 26% of all insolvencies come from the construction industry

(5:48) - Before signing a contract, check the variation clause

(6:23) - You mustn't proceed with a variation until a variation is approved

(7:26) - Make sure your whole team knows that you don't start work without a signed variation

(8:18) - This is my opinion on what you could do

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! ⤵️

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This episode is a re-run. It was originally published on July 2022.

Simplified Client Attraction Strategies for the inexperienced and busy!😎 Listen here!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:37) - Let me introduce you to the concept of cornerstone content

(3:31) - What did this to them was it made everyone go, well, they're the best straight away. They're the company that does that. They're the best company for what we need

(7:17) - You basically split your business up into two little businesses. Front-end business is this business that is gonna be training people. It's gonna be making you look like an expert

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! ⤵️

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Insider Insights! Understand why Construction Companies fail and learn from their mistakes! Here’s Part 1 of my interview with David Corson of the Commercial Construction Coffee Talk.🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(5:52) - Problem is, subcontractors don't have the expertise. They don't have the time to review the contracts, and so they end up just signing them as is, or just signing in, like not really understanding what they're getting into

(6:07) - The construction industry has the highest insolvency rate out of any industry. So 26% of all insolvencies come from the construction industry

(7:56) - The problem here in the States, is there's not enough labor

(9:46) - There was a labor shortage. People just didn't wanna work or you couldn't find a project manager. You couldn't find superintendents, you couldn't find estimators

(11:08) - You guys will borrow money to invest in education with the intention of getting a return on your investment down the line

(19:37) - Building things and you know that just at the end of the day, just like at the end of the game, if you know that, even if you lost, you learn a lot from losing, believe it or not

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! ⤵️

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Covering aspects from scheduling to effective communication and problem-solving, this video episode is your guide to becoming an excellent Project Manager. Tune in to elevate your skills! 🏗️🎧

For more Construction Secrets videos, subscribe to our youtube channel using this link: https://quantumcs.co/CSYouTube

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:01) - Experience does matter a lot particularly in construction because there are so many of the same things that happen over and over and over again

(4:21) - Logic, evidence, and utility

(6:11) - Internally in your own business you got to manage your bosses

(6:31) - Communication needs to be high. More communication that you give, the better because they’re more up-to-date

(8:19) - You want to lead with reward and not punishment

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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