The Subcontractor's Essential Guide To The Golden Thread

In episode 116 of The Subcontractors Blueprint podcast, host Jacob Austin explains the importance of the "golden thread"—a comprehensive digital record of building information now required under the Building Safety Act 2022. Using a real-world example, he highlights the risks of poor documentation and offers practical tips for subcontractors to organise, manage, and hand over essential compliance documents. Listeners learn what information to provide, legal obligations, and how embracing these practices not only ensures building safety and timely payments but also strengthens relationships with main contractors and secures future work. KEY TAKEAWAYS: The golden thread is a comprehensive, digital, and legally required record of building information, ensuring compliance, safety, and accountability throughout a project’s lifecycle. Subcontractors must provide accurate, up-to-date documentation such as as-built drawings, product data, test certificates, O&M manuals, and records of design changes to support project handover. Failing to maintain the golden thread can delay project completion, final payments, and legal building occupation, impacting both reputation and business relationships. The golden thread is expanding beyond high-rise residential projects, with many clients and contractors now treating it as best practice across all sectors. Effective golden thread management involves early organisation, clear communication with your supply chain, leveraging digital tools, and following main contractor requirements. Proactive, quality handover documentation not only ensures compliance but also builds trust and increases the likelihood of repeat work from main contractors. BEST MOMENTS: "The golden thread, essentially a comprehensive digital trail of building information, is evidence that your work complies with building regulations." "No structured handover = no completion certificate = no legal occupation." "The golden thread demonstrates first with the design, that the design is compliant, backed up by relevant specifications and performance data through the install." "The golden thread isn't just about bureaucratic red tape—it's about instilling accountability and pride in everybody's work." "Main contractors will start to remember the subcontractors who hand over quality information first time and without a fight." Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to over £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 115 of The Subcontractors Blueprint podcast, host Jacob Austin explores the vital role of a Quantity Surveyor (QS) for construction subcontractors. He explains how a QS goes far beyond pricing jobs, acting as a commercial guardian by supporting contract negotiation, risk management, cash flow forecasting, cost control, payment applications, change management, delay claims, final account strategies, and dispute resolution. Jacob emphasises how leveraging QS expertise can protect your business, improve profitability, and ensure timely payments. He encourages listeners to subscribe the show for more information to strengthen their subcontracting businesses. KEY TAKEAWAYS:  A Quantity Surveyor (QS) offers far more than just pricing jobs—they act as a commercial guardian, helping subcontractors protect profitability and manage risk.  A QS can review and negotiate subcontract terms, identifying and advising against unfair or high-risk clauses before you sign, which is crucial for business protection.  Risk management is a core QS skill, including creating risk registers, analysing potential pitfalls, and developing strategies to mitigate financial and contractual risks.  Effective cost planning and cash flow forecasting by a QS help prevent cash shortages, keep projects on budget, and enable strategic financial planning.  QSs play a vital role in cost reporting, change management, and ensuring accurate, timely applications for payment—maximising entitlements and minimising money left on the table.  A QS supports dispute resolution, prepares for adjudication if needed, and provides commercial strength in negotiations, ultimately helping subcontractors build more resilient, profitable businesses. BEST MOMENTS: "A good QS can be like your commercial guardian, balancing their contractual knowhow, financial savvy, and onsite experience to protect your bottom line." "As I've said a few times on the show, after you sign, you're legally stuck with the obligations that you sign up to." "Less than 1 in 3 construction jobs ends up within 10% of its original budget, with the majority running over." "Properly managing changes is where subcontractors can either make or lose money." "These reviews are about catching problems before they snowball and capitalising on opportunities whilst they're fresh in everybody's mind." "If you're the kind of subcontractor who up until this point has been using QS just for estimating, you now know the full picture." Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to over £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 114 of The Subcontractors Blueprint podcast, host Jacob Austin offers practical guidance on cash flow management tailored for construction subcontractors. He covers essential topics such as cash flow forecasting, stress testing finances, disciplined billing, client selection, and building financial reserves. Jacob also shares strategies for managing growth, handling seasonality, and preparing contingency plans for late payments. Emphasising the importance of team awareness and contractual safeguards, this episode equips subcontractors with actionable steps to enhance profitability, resilience, and long-term business stability in the face of industry volatility. KEY TAKEAWAYS:  Cash flow forecasting is essential for subcontractors due to unpredictable payment cycles and the risk of late payments, helping businesses anticipate and manage cash shortfalls.  Accurate and regularly updated cash flow forecasts (ideally on a 13-week rolling basis) allow subcontractors to project both inflows and outflows, identify potential crunch points, and make informed financial decisions.  Stress testing cash flow forecasts by modelling scenarios such as delayed payments, reduced income, and increased costs helps businesses prepare for real-world volatility and avoid surprises.  Maintaining discipline in billing and collections—prompt invoicing, strict tracking of receivables, and proactive follow-ups—prevents avoidable cash flow gaps.  Building resilience through strong financial habits includes diversifying clients, controlling growth and overheads, planning for seasonality, and fostering cash flow awareness across the team.  Establishing robust cash reserves and contingency plans (such as credit lines or invoice factoring) provides a safety net for unexpected shortfalls, while knowing and exercising contractual rights can help resolve persistent payment issues. BEST MOMENTS: "Cash flow is of vital importance and it's the lifeblood of any subcontracting business." "Cash flow forecasting is your early warning system for your financial health." "For subcontractors who endure unpredictable payment cycles, forecasting is essential for survival. "Maintaining discipline in your billing and collections sounds obvious, but it's actually quite a common mistake to have disorganised invoicing." "It's far better to have [contingencies] and not need them than to not have them when you ultimately need to rely on them." "In a nutshell, cash flow for subcontractors is all about being prepared and being proactive."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to over £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 113 of The Subcontractors Blueprint podcast, host Jacob Austin explains critical updates affecting subcontractors, taken from the recently adopted Procurement Act 2023. He details the new legal requirement for 30-day payment terms on public sector contracts, which now applies throughout the supply chain. Jacob offers practical tips for ensuring timely payments, highlights new transparency measures for checking clients’ payment practices, and discusses enforcement tools available to subcontractors. The episode empowers construction business owners with actionable knowledge to protect cash flow, enforce their rights, and make informed decisions about future contracts.   KEY TAKEAWAYS:  The Procurement Act 2023 enforces 30-day payment terms for all suppliers and subcontractors on public sector contracts.  Contract clauses extending payment beyond 30 days are now void, with stricter enforcement than previous rules.  Only valid, correctly formatted invoices trigger the 30-day payment clock; invalid or disputed invoices are excluded until resolved.  Subcontractors can suspend work after seven days’ notice for non-payment and claim statutory interest or escalate via the Public Procurement Review Service.  Large companies and public authorities must now publish detailed, twice-yearly reports on payment practices, including late payments and retentions.  Subcontractors should use the government portal to check clients’ payment histories and avoid or negotiate with habitual late payers. BEST MOMENTS: "Every invoice from a subcontractor on a government job should be paid within 30 days by law, even if the contract itself didn't spell that out explicitly." "The law voids any contract clause that tries to lengthen payment terms beyond that 30 day limit." (For public sector contracts) "You have always got your statutory right under the Construction Act of suspending performance after seven days of notice." "The PRS are recorded as recovering £9 million in late payments just by suppliers escalating cases through their service." "This is all vital information for you to consider before you start working for a new client, a new contractor." "Late payment is no longer a norm that you need to tolerate to work in the industry, but a bad habit that needs to be exposed and got rid of."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to over £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 112 of The Subcontractors Blueprint podcast, host Jacob Austin  provides construction business owners with practical guidance on navigating the JCT 2025 Target Cost Subcontract (TCC). He explains the key differences from fixed price contracts, highlights the importance of accurate pricing, contingency planning, and open book accounting, and addresses challenges such as disallowed costs, payment complexities, and cash flow management. Jacob emphasises negotiation strategies, meticulous record-keeping, and building trust with main contractors to protect margins and ensure profitability. The episode equips subcontractors with actionable insights to manage risk and grow their business under JCT TCCs. KEY TAKEAWAYS:  Target cost contracts shift risk and reward from a fixed price model to a shared, open book approach.  Subcontractors must be meticulous with pricing, record-keeping, and understanding allowable costs to protect their margins.  Open book requirements increase administrative workload and introduce the risk of disallowed costs if not properly documented.  Pain and gain share mechanisms can impact both cash flow during the project and final profit or loss at completion.  Misunderstandings or mismanagement of target cost contracts can lead to disputes, so clarity and ongoing forecasting are essential.  Success with target cost contracts relies on transparency, realistic risk assessment, and collaborative negotiation of terms. BEST MOMENTS: "Target costs aren't inherently good or bad at all. They're just a contract. They're a tool. They're a means to an end." "The number one rule is get it right before site. You want a target that is realistic and achievable, not a fantasy lowball number that's going to set you up to fail." "Ambiguity today is a potential dispute tomorrow and that's what we want to avoid." "Records, records, records. It's not glamorous, but it's got to be done to de-risk your payment and get your hands on your money." "Shared risk means if something is genuinely unforeseeable, you're not alone in carrying the can for the cost of it." "If you fail to document ten grand’s worth of costs, that could quickly become non-recoverable and come directly out of your profit."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on.   HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 111 of The Subcontractors Blueprint podcast, host Jacob Austin reviews the new JCT Target Cost Subcontract 2024. He explains the fundamentals of target cost contracts, focusing on open book accounting, pain and gain share mechanisms, and contract flexibility. Jacob highlights the importance of detailed cost tracking, confidentiality, and proper management of contract adjustments. He also discusses the increased administrative demands of these contracts. The episode sets the stage for part two, which will cover risks, pricing strategies, and margin protection for subcontractors working under target cost agreements. KEY TAKEAWAYS:  The episode introduces the new JCT Target Cost Subcontract 2024 and its relevance for subcontractors.  Target cost contracts involve agreeing a target price, with actual costs reimbursed plus a fee, and differences shared between parties.  Pain/gain share mechanisms incentivise efficiency but also limit the potential for extra margin and increase risk if costs overrun.  These contracts require open book accounting, detailed record-keeping, and clear definitions of allowable costs.  The TCC sub is flexible but brings extra administrative workload and complexity, especially in managing cash flow and risk.  Next week’s episode will cover key risks, challenges, and strategies for pricing and protecting your margin under target cost contracts. BEST MOMENTS: "It's not the whole hog of cost reimbursement, but it asks the contractor to take a degree of risk in setting a lump sum price that they've then got to come in with a pretty narrow window of hitting in order to make any extra margin on it." "The idea is to get everybody aligned and pushing for the same outcome—everybody benefits from finishing cheaper, everybody suffers if it ends up pricier." "In effect, you lose 1% of your contract sum for every percent you go over the target." "Other common features of target cost contracts include an open book approach and pre-agreed definitions of allowable costs." "As the JCT puts it itself, the ethos of a target cost contract is risk sharing in a way that both the employer and the contractor can benefit from their joint efforts for a successful outcome."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 110 of The Subcontractors Blueprint podcast, host Jacob Austin brings you his Autumn ‘Case Law Coffee Break in which he reviews key UK construction law cases from April to September 2025. He covers crucial topics for subcontractors, including payment disputes, adjudication enforcement, contract variations, extensions of time, and liability for defective work. Jacob explains recent court decisions, highlights the importance of timely notices and precise contract language, and discusses the impact of the Building Safety Act. The episode offers practical legal insights to help construction business owners protect their interests, ensure prompt payment, and manage risk in today’s evolving legal landscape.   KEY TAKEAWAYS:  The Technology and Construction Court (TCC) and recent case law reinforce the “pay now, argue later” principle, making timely payment mandatory if proper notices aren’t issued, regardless of ongoing disputes.  Challenging adjudicators’ decisions is only possible in exceptional circumstances; courts will generally enforce their rulings to maintain cash flow and avoid unnecessary delays.  Written instructions—including informal emails—can constitute valid contract variations if they clearly communicate changes, as courts prioritise substance and intent over technicalities.  Settlement agreements resolving disputes within ongoing projects are usually treated as variations to the original contract, meaning existing adjudication clauses still apply.  The Court of Appeal clarified that “if X, then Y” notice clauses in contracts are binding conditions precedent: parties must strictly comply with notification requirements to preserve or enforce rights, as seen in the DBS v Tata case.  A Supreme Court ruling confirmed developers can recover defect remediation costs from consultants even after selling the property, especially where public safety is at stake, and highlighted the extended liability periods under the Building Safety Act 2022. BEST MOMENTS: "If you don’t issue those required notices, you must pay the notified sum first before quibbling over the true value." "The bar for challenging an adjudicator’s decision is high and they’ll enforce adjudicators’ decisions in all but exceptional circumstances." "Variation clauses shouldn’t be applied overly technically—it’s about the effect and the intent of the instruction, not whether it uses the word 'variation.'" "If a clause says ‘if X you shall do Y,’ then the courts are likely to enforce it as a strict condition precedent to your rights." "Quality and safety responsibilities need to be taken absolutely seriously, because they can come back to haunt you decades later."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 109 of The Subcontractors Blueprint podcast, host Jacob Austin breaks down the current landscape of England’s housing pipeline, examining government targets to deliver 1.5 million new homes and the latest planning reforms designed to accelerate small and medium-sized developments, the recent decline in housebuilding rates, persistent planning delays, and the impact of building safety regulations—particularly for high-rise projects. Jacob highlights new opportunities arising from government-backed projects, frameworks, and funding initiatives that favour SMEs and MMC expertise. He also covers the importance of understanding NEC contracts, the benefits of “meet the buyer” events, and how to get noticed by main contractors. Tune in for practical tips to boost your visibility and win more work in a shifting market—plus Jacob’s candid take on the political and financial factors shaping the future of housebuilding in England. KEY TAKEAWAYS:  The UK government has ambitious targets for new housing, but actual completions are down and planning delays persist, especially for high-rise projects.  Recent reforms aim to speed up planning for small (up to 9 homes) and medium (10–49 homes) sites, with a focus on supporting SME subcontractors and MMC (Modern Methods of Construction).  Subcontractors should track local planning approvals and approach SME developers early, offering their services and demonstrating relevant experience.  High-rise residential work faces delays due to building safety regulations; subcontractors must strengthen their quality, competence, and compliance documentation.  Government-funded projects increasingly require compliance with new standards (like CAS) and MMC expertise; up-skilling your team and showcasing relevant experience is important.  Public sector frameworks and funding are creating new opportunities for SMEs, with improved payment terms (30 days) and more SME-friendly procurement processes. BEST MOMENTS: "The direction of travel is clear: Ministers want to put builders, not blockers, first, and they've promised to overhaul planning and unlock stalled sites." "Since the Labour government took office in 2024, the number of new homes recorded in England has fallen year on year, with one report suggesting a 10% drop in the rate of housebuilding." “Being an SME is a selling point in its own right these days." "If you've got that expertise in-house, then you can use that again as a selling point—perhaps develop some case studies that back your own abilities to work hand in hand with those MMC installers." "I might be adding two and two together and getting seven, but I suspect some political forces are at play here, and I wouldn't be surprised if the same is going to happen to our housing market.”   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 108 of The Subcontractors Blueprint podcast, host Jacob Austin covers the crucial topics of program float ownership and concurrent delay clauses in JCT subcontracts. He explains the risks subcontractors face when float ownership isn’t defined and how recent contract amendments can shift delay risks onto subcontractors. Jacob also discusses the impact of concurrency exclusions and offers practical advice on contract negotiation, program management, and risk mitigation. This episode equips construction business owners with essential knowledge to better protect their interests and profitability in today’s complex contracting environment. KEY TAKEAWAYS:  Float ownership and concurrent delay clauses can significantly impact subcontractor’s risk and liability.  Float refers to spare time in a program; under standard JCT contracts, float is unallocated, but amendments often allow contractors or employers to claim it, disadvantaging subcontractors.  Concurrent delay occurs when both the subcontractor and contractor/client cause overlapping delays; industry practice (the Malmaison approach) typically grants time but not money for these.  Recent contract amendments increasingly exclude extensions of time for concurrent delay, shifting all risk onto subcontractors and exposing them to damages even when not fully at fault.  Subcontractors are advised to carefully review and negotiate contract terms related to float and concurrency before signing, to avoid hidden risks.  Proactive program management, timely notices, and potentially pricing in risk can help subcontractors protect themselves from unfair contract amendments. BEST MOMENTS: "Industry practice has generally treated float as a shared project resource—whoever finds it first gets to use it." "Employers and main contractors have been dropping similar concurrency exclusion clauses into their contracts, and that decision has changed the game." "Heads the contractor wins and it's tails you lose." "Read your subcontracts to understand whether these kind of amendments are being made... here's your weekly reminder to read your subcontract before you sign it." "These aren't legal abstract toys that we're talking about. These are actual mechanisms that decide who pays for time."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links

In episode 107 of The Subcontractors Blueprint podcast, host Jacob Austin reviews the key changes in JCT 2024 subcontracts, noting that while the update brings improvements like good faith duties and digital notices, main contractors are amending terms in ways that often increase subcontractor risk. He highlights areas such as stricter notice procedures, shorter extension of time windows, creeping design obligations, and tweaks to payment, damages, and design related roles. Jacob urges subcontractors to watch for hidden risks in amendments, ensure compliance, and keep thorough records to protect their interests under the new JCT 24 framework.   KEY TAKEAWAYS:  JCT 2024 is an evolutionary update, adding good faith duties and enabling email/e-signing for notices.  Main contractors are amending subcontracts in ways that often increase risk for subcontractors.  Tighter extension of time timescales mean subcontractors must keep excellent records and respond quickly.  Watch for “fitness for purpose” design obligations sneaking in, as they can invalidate PI insurance.  Liquidated damages and payment terms are being tweaked, so review caps and compliance with the Construction Act.  Some amendments try to shift building safety duty holder roles onto subcontractors, raising compliance risk. BEST MOMENTS: "The introduction of a spirit of trust and respect doesn't mean you shouldn't respectfully gather your records and submit notices when you need to." "If it's not a valid notice, you probably lose the claim." "Any whiff of fitness for purpose can strip out the validity of your PI insurance, especially with fire and cladding exclusions." "This is your opportunity to have a sensible conversation with the contractor about what they should be able to deduct from you if you get things wrong." "The standard form might be the pitch. The schedules of amendments are where someone quietly moves the goalposts, narrows the crossbar and increases the size of the goalkeeper's hands."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links