Don't Let Nonpayment KILL Your Construction Business!

The worst thing you can be in a business in construction is they don't pay you. They promise they're going to pay you, don't pay you again. And in the meantime, you're, or you're having financing issues, you're having issues paying your guys. They owe you this ton of money, which invariably they'll say, no, we're not going to pay you for this, and they won't give you the money. Or they'll say, oh, we can only give you this amount of money. So that's really, really important to understand that that can actually end your business. So a lot of times is if they don't pay you, get out like super quick. So Now that you've negotiated that you can terminate if they default, we go to the clause in the contract and there'll be a specific way to do it. If there's an issue, you need to send in a notice of dispute, followed up with a letter of termination. When it says it'll line out exactly what needs to be done, just do it and go, right? Do it exactly towards the contract