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

Gain valuable knowledge from real-life examples in this podcast episode about Avoiding Bankruptcy in the Construction Industry.

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Timestamps:

(2:26) - You should always have a rise and fall clause in your contract and you should tie it to an index so that if the base price increases you still don't get hit

(3:06) - The reason they asked you to sign a lump sum contract is to lock in a cost

(3:26) - I suggest you use at any time you go into a meeting at all is to use what we call the G-R-O-W model

(7:58) - Which of those would you like to go forward with or which of those, you know, do you feel most comfortable with?

(8:07) - It’s a structure that you can use and you can practice and you know how you're going to deliver this information to them so that they understand what's going on

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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How We Helped Two Construction Companies Avoid Bankruptcy [#ThrowbackThursday] | Ep. 167

Construction Secrets