19 min
How Can Subcontractors Prove Extensions of Time in Construction Projects? The Subcontractors Blueprint
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In episode 40 of The Subcontractors Blueprint podcast, Jacob Austin discusses the critical topic of proving extensions of time for subcontractors. He recalls the story of a plastering contractor friend to share a cautionary tale about the challenges and financial repercussions of project delays. Jacob offers practical advice on how subcontractors can safeguard their interests, including the necessity of timely notices and the complexities of critical path analysis. He stresses the importance of maintaining clear records to substantiate claims for extensions of time, aiming to help construction business owners enhance profitability, manage cash flow, and achieve business growth.
KEY TAKEAWAYS:
The importance of proving extensions of time for subcontractors.
The significance of submitting a notice to the contractor to raise awareness of potential delays.
Complexity of critical path analysis.
Importance of providing clear records and evidence to support extension of time claims.
Discussion on protecting subcontractors from financial losses due to delays.
BEST MOMENTS:
"I couldn't help but feel for him because he's just one of those people that likes to help people out."
“True concurrency is actually quite rare because as much as anything else, just what's the chances.”
“The giving of a notice, particularly when you can do it at the right time, when something can be done about a problem, should be seen as something positive, because you're what you're actually doing is raising somebody's awareness that there's an issue here is going to cause a problem."
"He's always been one of those sort of spit and a handshake kind of guys that he expects that if he does something to help you out, you'll help him out at the right point."
"It really beggars belief the situation that he's found himself in because the contractor, the cheeky bastard, has caused some clear delays to his subcontractor and then he's going about stitching him up for a contribution to his losses.”
For more information on relevant events mentioned in this episode, click here listen to Episode 14: https://podcasts.apple.com/gb/podcast/the-subcontractors-blueprint/id1701638267?i=1000635658680
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 40 of The Subcontractors Blueprint podcast, Jacob Austin discusses the critical topic of proving extensions of time for subcontractors. He recalls the story of a plastering contractor friend to share a cautionary tale about the challenges and financial repercussions of project delays. Jacob offers practical advice on how subcontractors can safeguard their interests, including the necessity of timely notices and the complexities of critical path analysis. He stresses the importance of maintaining clear records to substantiate claims for extensions of time, aiming to help construction business owners enhance profitability, manage cash flow, and achieve business growth.
KEY TAKEAWAYS:
The importance of proving extensions of time for subcontractors.
The significance of submitting a notice to the contractor to raise awareness of potential delays.
Complexity of critical path analysis.
Importance of providing clear records and evidence to support extension of time claims.
Discussion on protecting subcontractors from financial losses due to delays.
BEST MOMENTS:
"I couldn't help but feel for him because he's just one of those people that likes to help people out."
“True concurrency is actually quite rare because as much as anything else, just what's the chances.”
“The giving of a notice, particularly when you can do it at the right time, when something can be done about a problem, should be seen as something positive, because you're what you're actually doing is raising somebody's awareness that there's an issue here is going to cause a problem."
"He's always been one of those sort of spit and a handshake kind of guys that he expects that if he does something to help you out, you'll help him out at the right point."
"It really beggars belief the situation that he's found himself in because the contractor, the cheeky bastard, has caused some clear delays to his subcontractor and then he's going about stitching him up for a contribution to his losses.”
For more information on relevant events mentioned in this episode, click here listen to Episode 14: https://podcasts.apple.com/gb/podcast/the-subcontractors-blueprint/id1701638267?i=1000635658680
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
19 min