Beware the Dangers of Time Bars in Construction [#ThrowbackThursday] | Ep. 347
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!
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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.
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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.
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