Shining A Light On Construction Contracts [#ThrowbackThursday] | Ep. 236 from Construction Secrets

Shining A Light On Construction Contracts [#ThrowbackThursday] | Ep. 236

9 minutes Posted Nov 2, 2023 at 1:00 am.

) While they are construction companies that have construction expertise, they're actually finance companies

) It is in their best interest as a risk arbitrage to make the contracts down the way more aggressive than the one that they've signed

) The construction industry has the highest insolvency rate out of any industry

) Their goal is to push the risk down onto you

) Even though it looks like a standard contract, it isn't necessarily going to be a standard contract

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This episode is a re-run. It was originally published in September 2022.

Contracts often state unnecessary complexities, but fear not, as we're here to help you! Tune in!

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