Cashflow is the most important business lesson. Here's how you can score with our four top tips!
Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts.
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Timestamps:
(1:23) - Cashflow is one of the biggest reasons why construction companies go out of business
(3:15) - The first thing you need to look at is the payment terms
(4:40) - They ask you to notify them within 1-2 business days if there's a delay or if there's a change on site
(5:52) - You want to make sure that you're getting paid
(6:49) - There may be an option to submit an alternative tender
(8:25) - You can make your margin back, the 5% that you lost, in post-award easily
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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