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

If not stated, then it’s unlimited! In this episode, discover the power of mastering the limitation of liability in construction contracts. Learn how to navigate this crucial aspect to protect your business and minimize risks effectively. Listen up!

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:

(1:21) - How can you take that term in the contract to reduce your risk so that you can stay in business over the long term?

(3:54) - We need to understand a concept called loss or damages

(5:36) - It's more important to just understand that loss of damages is basically you've done something you've caused pain to your client

(6:26) - Limit the things that you're responsible for if things go wrong

(8:33) - They can't come after you for everything, but with no limit, they have scope to do that

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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Mastering Limitation of Liability [For Construction Owners/Senior Management] [#ThrowbackThursday] | Ep. 286

Construction Secrets

Mastering Limitation of Liability [For Construction Owners/Senior Management] [#ThrowbackThursday] | Ep. 286