Lessons Learned From A Subcontractor's Contractual Nightmare [#ThrowbackThursday] | Ep. 351

This episode is a re-run. It was originally published in April 2023. Success in construction isn’t just about hard work—it's about strategy. In this podcast, learn what top professionals do to stay ahead in the game. Tune in! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:44) - Things were always very competitive (4:17) - It's not what they have, it's what they don't have (5:01) - We want mistakes, we learn from mistakes, we want to accelerate failure (6:18) - Can you keep going without having success? 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

This episode is a re-run. It was originally published in April 2023. What’s the secret to staying profitable as a subcontractor? Tune in to discover the one thing all successful subcontractors do to keep their margins high and their business thriving. Listen up! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:20) - What are you optimizing for? (4:01) - Most of the time, they tend to do one thing only (5:35) - The most amount of money goes to the guys that don't lose (6:29) - Reducing your risk in your contract negotiations DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

This episode is a re-run. It was originally published in April 2023. On the brink of bankruptcy, this subcontractor made a bold move! Hear the incredible story of how smart negotiation tactics saved their business and turned things around. Press play to learn how you can do the same! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:36) - They were locked into a price on a massive project (2:27) - There's no rise and fall or escalation clause (3:11) - If you continue to work on this project you're going to go under (4:58) - All we wanna do is we'll take it all up so that we can just break even on the project (6:25) - Using the word "cash flow" all of a sudden perks up their ears DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

This episode is a re-run. It was originally published in April 2023. Construction is evolving fast—are you keeping up? In this episode, we dive into six key changes shaping the future of the industry and what you need to do to stay competitive. Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:42) - It used to be all about relationships, but it is no longer the case (2:55) - You just don't really see standard contracts anymore (4:24) - AI, ChatGPT is actually going to replace white-collar workers pretty quickly (5:56) - The cost of materials, across the board, has gone bonkers, particularly in construction (7:01) - Everyone is experiencing difficulty in finding good people (8:03) - If you're a main contractor please be careful with your balance sheet DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

This episode is a re-run. It was originally published in April 2023. Hear the story of a subcontractor’s contractual nightmare and the key takeaways that could save your project! Listen now. Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:25) - Subcontractors in my view are the only people that actually do any form of construction (4:25) - From here on in we're going to have to just deal with the contract (5:49) - That's essentially when they came to us to talk about it (7:28) - The biggest and best construction companies have contracts teams for a reason (8:12) - All you can promise is you will try to do something DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

This episode is a re-run. It was originally published in April 2023. Tune in as we break down the nominated subcontractor’s common challenges and how to overcome them. Click play! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:11) - First thing is the nominated subcontractor (3:23) - You're going to have to get the finance that's going to cost you a load of money (4:05) - You want to have all of the things that you've negotiated done with regard to the nominated contractor just before you signed a contract (4:49) - But the bottom line is you need the information before you sign the contract because it could cost you an absolute ton of money DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter

This episode is a re-run. It was originally published in March 2023. Nail your next construction meeting with these expert tips. Listen up! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:13) - And at the end of the day, subcontractors are the only people in the whole contractual chain to actually do construction work (2:20) - But the older companies who are sticking to relationships are the companies that are getting bitten at the moment (4:40) - So even though relationships are still important if you haven't done the contractual stuff, there's nothing you can do (5:49) - But if you are contractual from the get-go, from the beginning, they don't look at you as difficult to deal with 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

This episode is a re-run. It was originally published in March 2023. Aiming for 100% success in your construction company? We've got a powerful secret to share that could make all the difference. Tune in to find out! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to GAIN expert advice weekly for FREE? Go here: https://quantumcs.co/YTNewsOptIn Want to IMPROVE your contract terms for FREE? Go here: https://hubs.ly/Q02Q4r6W0 Want to BOOST your profit margins up to 15%? Go here: https://quantumcs.co/YtO3SimpleChanges Want us to MANAGE your contracts for you? Go here: https://quantumcs.co/YtOCal3SimpleChanges Timestamps: (1:22) - The problem that we see in the market (3:29) - They don't want to be perceived as difficult by a client (4:31) - Risk is very very important for the longevity of a construction company (6:17) - When it doesn't go well, it goes very badly wrong (8:01) - Margin is in post-award 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

This episode is a re-run. It was originally published in March 2023. In construction, time is money, and delays can be costly. Learn about the critical dangers of time bars and how to avoid financial setbacks in this episode. Click play! Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. We have done over 6,000 contract reviews and helped over 300 Construction Contractors, Subcontractors, and Suppliers across the USA, Australia, Canada, New Zealand, UK & Ireland manage over $20 billion worth of contracts. Want to 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: (0:51) - Construction subcontractors are the guys that do all the construction in the world (2:55) - Time bars are crucial, they're critical (4:22) - They want that information so they can accurately predict what's going to happen over the next few months (6:07) - In a construction project, they divide it into four quarters (7:56) - Whatever you need to do to comply with the time bars you need to get it happening in your business (8:39) - Start submitting notices of delay where there's no cost or time impact 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

This episode is a re-run. It was originally published in March 2023. As a construction subcontractor, building trust with general contractors is key to winning bids and securing repeat business. But how do you market your services effectively on a budget? Tune in to learn cost-effective strategies for 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: (1:35) - The marketing approach that they typically take is very traditional, some don't market at all (3:19) - The main thing that you need to do over a long period of time is producing a piece of cornerstone content (5:09) - On your website, you need to have what is called a pixel (7:18) - It is no longer social media, it is now just media (8:37) - Now it's not about the people, it's about the interests (11:18) - It's more branding than direct response marketing 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