Cian BrennanFounder, Quantum Contract Solutions · Founder

Guaranteed Ways to Make Sure You Get Paid in Construction!

Name: Guaranteed Ways to Make Sure You Get Paid in Construction!
Uploaded: 2023-12-10T16:00:13+00:00
Duration: 32 s
Channel: Cian Brennan
Description: Subcontractors and suppliers in construction need to treat payment as seriously as the work itself. Document every change order and delay, stick to your…

10 Dec 2023 · 1 min

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Subcontractors and suppliers in construction need to treat payment as seriously as the work itself. Document every change order and delay, stick to your contract terms, and handle risk at the signing stage to get paid faster and avoid disputes.

Chapters

If subcontractors or suppliers can realize that construction is not just supplying something or building something— sorry, it is, but you're not. You're actually in the business of construction, and there's two parts. There's that, and there's the getting paid for it part. And the getting paid for part is all about contracts. You got to make sure that you're reducing your risk on the front end and the contract that you're signing. You got to make sure that you're capturing all your changes and your delays in the back end, and you're complying with what the contract says you need to do so that you can get paid quickly, so you can get paid on time, and if there's any disputes, you're covered. Essentially.