Insider Insights! Understand why Construction Companies fail and learn from their mistakes! Here’s Part 1 of my interview with David Corson of the Commercial Construction Coffee Talk.🔊

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Timestamps:

(5:52) - Problem is, subcontractors don't have the expertise. They don't have the time to review the contracts, and so they end up just signing them as is, or just signing in, like not really understanding what they're getting into

(6:07) - The construction industry has the highest insolvency rate out of any industry. So 26% of all insolvencies come from the construction industry

(7:56) - The problem here in the States, is there's not enough labor

(9:46) - There was a labor shortage. People just didn't wanna work or you couldn't find a project manager. You couldn't find superintendents, you couldn't find estimators

(11:08) - You guys will borrow money to invest in education with the intention of getting a return on your investment down the line

(19:37) - Building things and you know that just at the end of the day, just like at the end of the game, if you know that, even if you lost, you learn a lot from losing, believe it or not

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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Why Construction Companies Are Going OUT OF BUSINESS Pt. 1 with Commercial Construction Coffee Talk | Ep. 198

Construction Secrets

Why Construction Companies Are Going OUT OF BUSINESS Pt. 1 with Commercial Construction Coffee Talk | Ep. 198