300 episodes
Construction Secrets w/ Cian Brennan Cian Brennan
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- Business
Welcome to the Construction Secrets podcast where we talk about signing better construction contracts, getting better project cash flow and making more profit per project, and the many mistakes and failures we have learned along the way. Hosted by Cian Brennan.
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Exactly What To Do When You Are Asked To Sign Guarantees and Deeds in Your Construction Contract [#ThrowbackThursday] | Ep. 300
This episode is a re-run. It was originally published in November 2022.
Not sure what to do when you’re asked to sign guarantees and deeds in your construction contract? Listen now and get all the answers you need!
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor
Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: https://quantumcs.co/LegacyFreeReport
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!
Timestamps:
(2:10) - We need to understand the difference between guarantees and deeds
(4:03) - If you're the parent company and you're trying to isolate your own risk, you're almost wanting to isolate yourself from that risk
(5:23) - I hate director's guarantees
(6:08) - Deeds are, it's a special type of prompts or commitment that indicates the most serious solemn indication that the executing party tends to do what they have promised
(7:59) - Director's guarantee, parent company guarantee, guarantees in general, and deeds are all telling you to take on more risk
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.
Follow our Socials and let's get connected! ⤵️
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The Construction Industry’s #1 Problem | Ep. 299
Explore the truth behind the construction industry's primary challenge and its effects on various projects. Learn effective tactics to navigate through this complex scenario successfully. Are you ready to face this critical issue head-on? Hit play and listen in now!
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor
Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: https://quantumcs.co/LegacyFreeReport
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!
Timestamps:
(1:32) - The biggest problem everyone's talking about is I can't get enough people
(2:15) - Why is there a lack of skilled people?
(3:23) - There is a lot of suicide in construction
(5:17) - Construction was typically done by immigrants
(6:19) - The white collar workers are going to become less and less valuable because AI is going to be able to do a lot of that work
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.
Follow our Socials and let's get connected! ⤵️
Facebook | LinkedIn | YouTube | Instagram | TikTok | Twitter -
Exactly What To Do If Your Client Goes Insolvent on a Construction Project [#ThrowbackThursday] | Ep. 298
This episode is a re-run. It was originally published in November 2022.
Arm yourself with the essential knowledge to handle client insolvency on construction projects like a seasoned professional. Discover valuable tips and best practices that can help you protect your project and secure your financial interests. Don't wait until it's too late – listen in to protect your bottom line!
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor
Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: https://quantumcs.co/LegacyFreeReport
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!
Timestamps:
(2:20) - There's an inability to be able to resource a project and there's an inability to be able to get materials
(3:51) - Everyone's struggling for resources. No people anywhere
(5:59) - In fact, the more work you do, the more money you could end up losing
(6:35) - How do we keep our cash flow alive? How do we make sure that we get paid?
(8:58) - Basically you want to kill them with paperwork
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.
Follow our Socials and let's get connected! ⤵️
Facebook | LinkedIn | YouTube | Instagram | TikTok | Twitter -
New Construction Contractor: Start here! | Ep. 297
New construction contractors, listen up! Gain valuable tips and strategies to navigate the competitive world of construction. Start your journey on the right foot – press play and learn how!
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor
Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: https://quantumcs.co/LegacyFreeReport
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!
Timestamps:
(1:09) - You want to master your own little puddle, then expand to the pond, and then to the lake
(2:56) - You've got to eat some dirt
(4:27) - Buy back your time
(5:59) - Understand where you have the most value in your business
(8:23) - How do you move away from competitive bidding?
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.
Follow our Socials and let's get connected! ⤵️
Facebook | LinkedIn | YouTube | Instagram | TikTok | Twitter -
How To Reduce Risk on Your Construction Project [#ThrowbackThursday] | Ep. 296
This episode is a re-run. It was originally published in November 2022.
Uncover the secrets of effective risk reduction in construction projects and level up your project management game. Dive into practical strategies to minimize uncertainty and maximize profitability. Tune in to learn how to protect your project from start to finish!
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor
Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: https://quantumcs.co/LegacyFreeReport
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!
Timestamps:
(2:05) - When we're talking about risk, we're talking about whose responsibility it is to look after
(2:44) - When the title transfers from one person to the other, that's the transfer of ownership
(4:06) - They want the title to transfer to them on delivery
(5:33) - You want to take ownership of when you've been paid in full
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.
Follow our Socials and let's get connected! ⤵️
Facebook | LinkedIn | YouTube | Instagram | TikTok | Twitter -
10 Construction Business Owners Questions Answered | Ep. 295
Get ready to explore the ins and outs of running a construction business! In this podcast, we discuss 10 essential questions that subcontractors and entrepreneurs often face in the building industry. Eager to learn insider tips? Press play and start listening!
Here's the link for FREE training.
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor
Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: https://quantumcs.co/LegacyFreeReport
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you!
Timestamps:
(1:14) - What kind of training and certifications do you need to start your own construction company?
(2:45) - What type of insurance cover or guarantee should I be taking out on my company?
(5:42) - What would you say is the best sector to specialize in so that it doesn't happen to my business in a couple of months?
(7:52) - When signing onto a project, what is an acceptable timeline of the project? What is the industry standard?
(13:08) - How do I keep my IP to myself when I sign a new contract?
(15:05) - Should my price be fixed price or an estimate, which option would give me the upper hand?
(18:14) - Are there any courses you could recommend to my team and I can learn about clauses and contracts?
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.
Follow our Socials and let's get connected! ⤵️
Facebook | LinkedIn | YouTube | Instagram | TikTok | Twitter