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

Struggling to get compensated for project delays? Listen in as we share the secrets to getting paid for those unexpected setbacks. Time to turn delays into dollars – listen here!

Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: https://quantumcs.co/becomealegacysubcontractor

If you want to find 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:

(2:01) - Extension of time is the mechanism within the contract that you can actually extend the PC date

(4:31) - 2 different definitions of delay. An excusable, compensable delay, or one that is not compensable

(7:02) - This is one of the big four delays and we need to figure out who's going to pay for what and what's included

(8:02) - The most difficult one is document inaccuracies or discrepancies

(9:55) - What's called a critical path, something that is absolutely necessary to make sure that happens in a specific order

(12:15) - The best term is to just want to get paid actual demonstrated costs

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 To Get Paid for Delays on Construction Projects [#ThrowbackThursday] | Ep. 293

Construction Secrets

How To Get Paid for Delays on Construction Projects [#ThrowbackThursday] | Ep. 293