ADDWORK NOT WORRIES w Ken Sunzeri

AddWRK Media
ADDWORK NOT WORRIES w Ken Sunzeri

Discussing industry trends and business ideas for the construction, remodeling and home investing industry.

Episodes

  1. 4 NOV

    Managing Payments and Cash Flow: Real Talk for Contractors

    Discover strategies to overcome the cash flow challenges contractors face daily. In this episode, we dive deep into the financial balancing act of managing payables and receivables, especially when dealing with multiple vendors. From handling demanding subcontractors like “Kevin” to navigating late payments from clients, you’ll learn practical steps to keep your projects moving smoothly. Timestamps:  0:00 Intro: Cash Flow Wisdom for Contractors 0:21 Understanding Contractor Payables & Receivables 1:08 Complexity in Managing Multiple Vendors 3:08 High-Cost vs. Low-Cost Subcontractors: Trade-Offs 6:04 Why Communication with Clients Matters 7:08 “Kevin” & Other Small Contractors: Cash Flow Tips 11:10 Dealing with Long Delays in Payments 12:31 How to Prioritize Payments for Efficiency 13:00 Final Tips on Managing Cash Flow Key Takeaways: Understand Your Subcontractors’ Needs: High-cost, well-organized subs may keep things efficient, but budget-conscious options like “Kevin” require fast payments to stay productive. Prioritize Payments Strategically: Some vendors demand payment immediately; knowing who to pay first can prevent project delays.  Communicate with Clients: Properly setting payment expectations can reduce friction and maintain good relationships. Stay Connected Follow us for more contractor tips!  www.instagram.com/addworkapp www.facebook.com/addworknotworries www.facebook.com/addworknotworries  www.addwork.com Don’t miss out on the AddWrk app launching January 2025 to simplify cash flow and streamline project management! Hit that subscribe button and turn on notifications to stay updated with new content and upcoming announcements.

    19 min
  2. 24 OCT

    Rethinking Change Orders in Construction

    In this episode, we tackle one of the most challenging aspects of construction management: change orders. Let's discuss the common frustrations surrounding project changes with examples from real projects. We'll explore why change orders often lead to tension, how to manage them with a positive approach, and ways to keep client relationships strong while maintaining profitability. If you’re a contractor, builder, or tradesperson who’s dealt with the unexpected, this episode provides practical tips for handling change orders smoothly. Learn how to structure change requests, communicate costs effectively, and create a mindset shift that embraces, rather than resists, the inevitable project changes. Key Takeaways: Why change orders are often met with resistance and frustration How to position change orders as a mutually beneficial aspect of the job Best practices for communicating with clients about change costs Structuring change orders to add value and increase profitability Real-world examples of how change orders can make or break project relationships Timestamps: 0:00 – Introduction: Why change orders are inevitable in construction 0:27 – New tile design: Adding an inlay behind the toilet 1:55 – The misconception that change orders are unpaid additions 3:05 – Cost considerations: Planning for change-related fees and timing 5:56 – Managing client expectations and change order organization 6:04 – Wrap-up: Key benefits of embracing change orders for profitability FOLLOW US: www.instagram.com/addworkapp www.facebook.com/addworknotworries www.tiktok.com/addworknotworries LEARN MORE: www.addwork.com Don’t Forget to Subscribe! If you enjoyed this episode, be sure to hit the like button, subscribe for more content like this, and turn on notifications so you don’t miss any new uploads. #AddWorkNotWorries ConstructionManagement #ChangeOrders #ProjectPlanning #ContractorTips #ConstructionIndustry #ProjectManagement #ClientCommunication #ConstructionPodcast

    6 min

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Discussing industry trends and business ideas for the construction, remodeling and home investing industry.

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