The Construction Industry's Number ONE Problem [#ThrowbackThursday] | Ep. 397

This episode is a re-run. It was originally published in April 2024.Where did all the tradies go? Construction is booming, but the workers are vanishing. Margins are getting crushed, projects are understaffed, and no one wants to get their hands dirty anymore. In this episode, we dig into why there’s a global skilled labor shortage, how AI might flip the script, and why trades could become the most secure jobs of the next decade. If you're wondering how this shift will impact your business, you need to hear this. Tune in now.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 GRAB the FREE Industry Standards Guide: quantumcs.co/ISYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:32) - The biggest problem everyone's talking about is I can't get enough people(2:15) - Why is there a lack of skilled people?(3:23) - There is a lot of suicide in construction(5:17) - Construction was typically done by immigrants(6:19) - The white collar workers are going to become less and less valuable because AI is going to be able to do a lot of that workDISCLAIMER: 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 2024.Most subcontractors waste their first five years learning lessons the hard way. They undercharge, chase every tender, stop marketing once the job starts, and get stuck in a cycle of low-margin work. In this episode, you'll get five practical strategies that can fast-track your growth, including how to dominate a niche, build powerful case studies, charge premium rates, and finally break free from competitive bidding. These are the same principles the top 1% use to grow faster, earn more, and win better work. Want to skip the trial and error? Hit the play button now.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 GRAB the FREE Industry Standards Guide: quantumcs.co/ISYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:09) - You want to master your own little puddle, then expand to the pond, and then to the lake(2:56) - You've got to eat some dirt(4:27) - Buy back your time(5:59) - Understand where you have the most value in your business(8:23) - How do you move away from competitive bidding?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 2024.Most new construction business owners are set up to fail before they even break ground. They sign risky contracts they don't understand, take on the wrong insurance, and agree to timelines that make zero sense for their scope. In this episode, we answer real questions from trades and subcontractors about certifications, pricing models, insurance traps, and contract clauses that can wreck your margin. You’ll learn how to protect your IP, set the right risk tolerance, and avoid being locked into 36-month nightmares.If you're thinking of starting a construction company or just want to make sure yours survives, you need to hear this. Tune in now.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 GRAB the FREE Industry Standards Guide: quantumcs.co/ISYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:14) - What kind of training and certifications do you need to start your own construction company?(2:45) - What type of insurance cover or guarantee should I be taking out on my company?(5:42) - What would you say is the best sector to specialize in so that it doesn't happen to my business in a couple of months?(7:52) - When signing onto a project, what is an acceptable timeline of the project? What is the industry standard?(13:08) - How do I keep my IP to myself when I sign a new contract?(15:05) - Should my price be fixed price or an estimate, which option would give me the upper hand?(18:14) - Are there any courses you could recommend to my team and I can learn about clauses and contracts?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 2024.Most contract administrators are leaving money on the table without even realising it.If you think your job is just submitting change orders and delay notices, you're missing the real opportunity.Great contract admins do more than push paper.They improve cash flow, increase margins, and protect the company from costly disputes.In this episode, learn how to become the kind of contract administrator who gets noticed, promoted, and rewarded while helping your company thrive.Listen in and discover how the top 1 percent actually operate.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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:26) - One of the key things that you have to remember as a contracts administrator is it's not about. pushing paper from A to B(3:19) - Lawyers understand everything in the clauses for sure, of course they do, and they understand the risks, but they don't understand how it actually plays out on site(5:34) - The biggest problem in construction is doing work for free(7:10) - How do you be contractual without being aggressive? How do you do it in such a way is that they don't think you're combative?(8:15) - Contracts administrators are not paper pushers. They're switched on commerciallyDISCLAIMER: 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 2024.You might think you're signing a fair contract… but you’re not.Most contractors believe they’re agreeing to standard terms, when in reality, they’ve been handed a heavily amended document that quietly shifts all the risk onto them.These “wolf in sheep’s clothing” contracts look safe until something goes wrong.Suddenly, you're hit with hidden clauses, tight time bars, and zero entitlement to variations or delays.In this episode, we break down how this happens, why it’s so common, and what you can do to protect your margins and cash flow.Tune in now and find out if your contracts are quietly setting you up to fail.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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(2:08) - The thing about this is contracts typically are not really designed to be fair(3:06) - What they do is if they can push the risk, if they can have you finance the project on their behalf, their cashflow is a lot better(4:38) - What actually happens is they use the standard form contract, and then they amend that contract and then give you that contract(5:40) - They can manipulate time barsDISCLAIMER: 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 2024.One mistake in construction can wipe out 20 years of hard work.It sounds extreme, but it happens every day.Rising interest rates, skyrocketing material costs, and a shortage of skilled workers are creating the perfect storm. On top of that, most contractors are blindly signing risky contracts that shift all the pressure onto them.If you're not negotiating smarter and protecting your margins, you're playing a dangerous game.In this episode, find out what’s really killing construction companies and how the top 1% are protecting themselves while making more profit on every project. 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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:44) - What is the problem in construction and why do so many construction companies end up going out of business?(3:16) - Most people lost a lot of money if they were locked into contracts(4:20) - How do we make sure that one false step isn't going to put us out of business?(5:41) - If you're not playing the contracts game, you're going to lose(6:28) - Construction is a game about longevityDISCLAIMER: 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 2024.If cash is king, then cash flow is the empire. So why are most construction businesses still broke?Seven out of ten construction companies go under within ten years, and it is rarely because of poor workmanship. The real problem is tight margins, weak cash flow, and contracts packed with hidden risks.In this episode, we break down why most companies fail and what you can do right now to avoid the same fate.Tune in to learn how to fix your business model, protect your cash, and finally gain control of your construction future.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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:33) - The average margin is 5 to 15% and that typically in other industries would be considered a pretty low margin for a business to stay alive(2:22) - If cash is king, then cash flow is the empire that sustains its realm essentially(3:32) - If you've got low margins, one of the things that we see is that your relationship game is very poor(6:03) - The best business models that you can have, or the ultimate best business model is insurance companies(7:48) - When you do negotiate, it makes a massive difference to your risk profileDISCLAIMER: 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 2024.40% of construction companies are struggling with negative cash flow right now, and many are at risk of collapse.Rising costs and shrinking margins are hitting hard, but there are proven ways to protect your business.In this episode, we break down practical strategies to manage cash flow, avoid disputes, and stay profitable.Tune in now to get the insights top contractors are using to stay ahead.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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(2:12) - In real construction businesses, you don't have venture capital money and you need to rely on actual cash flow. Volume is vanity and profit is sanity(3:02) - The smaller the ego, the bigger the bank account(5:30) - In the last quarter, 40% of construction companies have negative cash flow(7:53) - New leaders want to know the tricks and tactics to implement. A leader wants to know strategy and advanced leaders want to know concepts(9:14) - Hire well and manage little and so how do you do that in 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

This episode is a re-run. It was originally published in February 2024.Why do some construction companies thrive for over 100 years while most barely make it past ten?It is not luck. It is not size.It is a repeatable system built around positioning, reputation, relationships, and contract management.In this episode, you will learn the four key strategies used by the world's most successful contractors and how to implement them in your business today.If you are tired of low margins, constant stress, and feeling stuck in no man's land, this one is for you. Tune in now!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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:24) - Why is it these companies managed to last so long while seven out of 10 of the average construction companies go out of business within 10 years?(2:21) - The more expensive you make it, the more people want it(3:18) - The problem is most construction companies sit in no man's land(4:25) - If you have a bad reputation, you're not going to get work from people(6:01) - They understand the importance of negotiating their contract upfront to lower the risk and improve the terms so they can actually make more marginDISCLAIMER: 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 February 2024.Most construction business owners live in quiet fear of going under, and they’re not wrong to.Seventy-six percent say they constantly worry about shutting down, and the stats show 65 percent won’t make it past 10 years.But what if the way out isn't scaling faster, but thinking differently?In this episode, you’ll learn the mental model that helped cut through the noise, simplify decision-making, and flip failure into a smarter strategy.Listen now and discover how one shift in thinking could save your business from becoming just another statistic.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 GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:23) - Owners of construction companies live with the constant insecurity of going out of business(2:14) - Embrace the fear, the negativity, the complaints. Let them serve to improve you as a person and your construction company(3:14) - Is a construction business really worth the hassle?(4:47) - Inversion thinking is about flipping the way you approach problems. It means looking at them from the reverse perspective(6:13) - Great margins are where you make enough money to hire the best people, have the best equipment so you can deliver on the best outcomeDISCLAIMER: 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