This episode is a re-run. It was originally published in March 2023.
You are not just building the project, you are playing a contract game whether you realise it or not.
In this episode, you'll learn why so many subcontractors get bullied contractually, lose money, and sometimes go out of business even when the work itself is solid.
If you want to understand how the biggest players really think and how to protect your margin before the job even starts, this one will open your eyes.
Tune in.
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Timestamps:
(3:47) - When you're in your 20s, you really should be learning not earning
(5:33) - The challenge that they're facing is that AI is without a doubt here
(8:10) - Why we are using Chat GPT every day now
(9:48) - 26% of all insolvencies come from the construction industry
(10:57) - In that contract, both of those guys are gonna have lawyers, contract people on both sides are gonna negotiate a contract that they believe is fair
(14:31) - The game of construction
(18:52) - The devil is in the detail that you need to look out for
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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