Why The Subcontractor Has the Worst Contract in the Contractual Chain Pt. 1 with Construction Disruption | Ep. 178 from Construction Secrets

Construction Secrets

Cian Brennan

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Why The Subcontractor Has the Worst Contract in the Contractual Chain Pt. 1 with Construction Disruption | Ep. 178

19 minutes Posted Jul 12, 2023 at 2:00 am.

) Construction really is two parts. You gotta construct, you gotta deliver, you gotta supply your material, you gotta do something, but you gotta get paid for it

) You don't necessarily need to understand everything in it, but you need to understand the key things that impact your company and what are the things that could ultimately lose you money

) As you go down that contractual chain, the contracts get more and more aggressive

) What's the point in signing a better contract in the first place? And it is essentially to protect the downside

) Payment on account is where the kind of money goes freely between over and back. So they can recoup money if they'd like to

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Understanding the subcontractor's struggle: Join me in this interview with Todd Miller and Ryan Bell of the Construction Disruption Podcast as we delve into why they often bear the brunt of unfavorable contract terms. Tune in!🔊

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

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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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