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

Make your cash work for you in construction! Find out why managing cash flow is key to business success and how to do it right. Dive into our podcast!

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Timestamps:

(1:40) - Why is cashflow such an issue?

(3:29) - The end of month is something you need to be careful of

(5:17) - If you've been asked to do additional work and if you don't notify them, you're not going to get paid for it

(7:02) - Instead of security of having a retainer, a retention, you can go bank guarantee or surety bond

(8:30) - From a contracts management point of view, we are preparing ourselves contractually for that last quarter

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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Cashflow is King in Construction [#ThrowbackThursday] | Ep. 318

Construction Secrets