This episode is a re-run. It was originally published in October 2022.

Explore the concealed challenges within the construction industry, especially impacting subcontractors. In this episode, we reveal the hidden elephant in the room and understand why addressing it is essential. Listen up!

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Timestamps:

(3:08) - These guys are called tier-one construction contractors. In the States, it can be called general contractors

(3:45) - The goal of the tier one is to make money

(5:41) - What happens is the tier one, in order to remove some of the risk from himself, will push the risk down onto the tier twos

(6:22) - The tier twos typically haven't got the resources, the time, or the expertise to be able to deal with reviewing those contracts and negotiating

(7:31) - When you're actually looking at the contracts themselves, the company will be defined as the name of that tier one, and the contractor will be defined as the name of the tier two

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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The Construction Industry's Hidden Problem [#ThrowbackThursday] | Ep. 271

Construction Secrets