This episode is a re-run. It was originally published on July 2022.

Seize Control of Your Construction Project: Notify your Contractor and Submit your Notice of Dispute for a speedy resolution! Tune in!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:56) - When you get a letter of intent, that's what it is. It's a letter of them intending to award a contract to you. So you essentially should do nothing until you get the contract

(3:28) - Maybe you can get them to commit to a singular purchase order where you say, well, here's what we're going to do

(4:03) - Remember, the letter of intent is essentially useless. It's just their intent to award a contract

(4:15) - Don't start on-site without a contract letter. Intent is not a contract. Don't do it

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! ⤵️

Why You Shouldn't be Afraid to Submit a Notice of Dispute in your Construction Project [#ThrowbackThursday] | Ep. 183

Construction Secrets