Subcontractors play a critical role in the construction process, and mastering this process can be key to success in the industry.
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Timestamps:
(1:10) - Three distinct parts of a construction project or phase
(2:06) - So you negotiate on price and on terms via the competitive tendering bid or if you're just going one to one with the client
(3:30) - You're gonna have to give them two types of security
(4:29) - Now you start and you get on with the project
(5:42) - You get to the practical completion date, and you get your practical completion certificate
(7:01) - Be careful, that can happen, that money's gonna be tied up for another 12 months
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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