4 Crucial Mistakes in Construction Bids You Are Probably Making [#ThrowbackThursday] | Ep. 382

This episode is a re-run. It was originally published in December 2023.One wrong clause could make you pay for everyone else’s mistakes.When something goes wrong on site, the blame game begins.But if you signed the wrong indemnity clause, guess who’s left holding the bag?Most construction companies don’t realise just how much risk they’ve agreed to until it’s too late.If you’re a contractor, subcontractor, or supplier, this episode breaks down what indemnification really means and how to protect yourself before the finger-pointing starts.Listen now to learn how to take control of your contracts and avoid paying for problems you didn’t cause.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:(1:21) - The term indemnification itself, It's a clause in the contract that's critical to your business's survival(1:58) - Everyone has to deal with indemnity clauses, no matter how much responsibility they have(3:22) - Indemnity clauses are not created equal(4:05) - This is important because it's not only what keeps you safe, but also makes things fair for everybody involvedDISCLAIMER: 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

This episode is a re-run. It was originally published in November 2023.Unfair contract clauses are now illegal in Australia. Are you ready to turn that into your advantage?For too long, subcontractors and suppliers have been pressured into signing one-sided contracts.That era is over.Companies can now face fines up to $50 million for including unfair terms.This is your chance to renegotiate, protect your business, and finally level the playing field.Listen now to learn how this legal shift could change everything for your construction company. 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:(1:14) - If a company presents a contract that has unfair terms, that company could now face a penalty(2:22) - Starting November 9th, 2023, standard form contracts can't include unjust terms(3:13) - If they're unfair, they're not void. They're illegalDISCLAIMER: 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

This episode is a re-run. It was originally published in November 2023.Most construction companies lose money before they even win the job.Here’s why.Bidding mistakes, bad cash flow models, and weak contract negotiations are quietly sinking businesses that look successful from the outside.The smartest construction companies are winning more projects, protecting their cash, and building long-term client relationships, because they play the game differently.In this episode, learn the four costly mistakes you must avoid and how a simple shift made one contractor a trusted go-to for major projects.Tune in and set your construction business up for real success.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:(2:08) - That's the game. They're giving you their worst possible contract knowing and expecting you to try to negotiate(3:35) - You don't want to be a commodity. Instead, you could submit an alternative bid with different offers(4:35) - You don't want to be in the selling of your services business. You want to be in the reorder business(6:08) - The worst kind of construction business model is I'll do work today, you pay me in 90 days timeDISCLAIMER: 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

This episode is a re-run. It was originally published in November 2023.Four lines of fine print cost them millions. Don’t let it happen to you.One overlooked clause turned a luxury condo project into a complete disaster, with leaking roofs, massive redesigns, and a brutal legal battle.In construction, it’s not just the work that can destroy you, it’s what’s hiding in your contract.Learn how one mistake wiped out a fortune and the four simple moves that could have saved everything.Listen now and find out how to bulletproof your contracts before it’s too late.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:(3:53) - They didn't read the contract specifically. They just signed the terms and conditions of the contract(4:16) - They would have highlighted a clause or a section in the contract that is called document discrepancies(5:02) - Follow the dispute resolution clause in the contract(5:21) - As soon as you get into a dispute in construction, it's a race to see who loses the least amount of money, including youDISCLAIMER: 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

This episode is a re-run. It was originally published in October 2023.The next construction boom isn’t where you think — and barely anyone’s tapping into it.While most companies scramble for scraps, a few smart operators are quietly pivoting toward green construction — and making a fortune.The best part? You don’t need a huge budget or a massive team to get ahead — just the right strategy.Learn how to win more projects, dominate digital marketing, lock in repeat clients, and tap into the biggest growth opportunity of the next decade.Listen up and find out how to future-proof your construction 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:(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 constructionDISCLAIMER: 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

This episode is a re-run. It was originally published in October 2023.If you’re signing construction contracts without negotiating, you’re setting yourself up to lose.The biggest companies always negotiate — and they win because they know the contract you’re handed is designed to protect the client, not you.Negotiating isn’t a risk — it’s how the real players protect their profit, reputation, and future.Want to stop playing small and start protecting your business the way the top contractors do?Tune in now and learn the real rules of the game.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:(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 negotiatedDISCLAIMER: 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

This episode is a re-run. It was originally published in October 2023.Most contractors have no idea how to actually get paid when a client goes under.There’s a hidden game happening behind the scenes — and the ones who know how to play it walk away with their money while everyone else gets left out.It’s not about hoping, chasing, or filling out the forms they hand you — it’s about knowing how to work the system to your advantage.If you’re in construction and you want to survive what’s coming, you can’t afford to miss this.Listen now and learn the moves that separate those who get paid from those who get wiped out.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:(2:29) - 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 paperworkDISCLAIMER: 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

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

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

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