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

Secure your success! In this podcast episode, discover how contract negotiation safeguards your security on a construction project. Tune in!

Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport

If you want find to 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:

(1:46) - Once the contract is awarded, we're going to have to provide security to a certain percentage

(3:13) - Normally the contract value or the contract price is defined in the contract as a defined term

(6:07) - Retention is they will withhold 10 percent of every invoice until they hit 5 or 10 percent of the contract value.

(7:40) - The less security they have to put up, the less it's going to cost them in cash flow

(8:30) - What is more important, cash flow or total cost?

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! ⤵️

How To Negotiate Your Security on a Construction Project [#ThrowbackThursday] | Ep. 262

Construction Secrets