Cian BrennanFounder, Quantum Contract Solutions · Founder

The Role of Paperwork in the Business of Construction

Name: The Role of Paperwork in the Business of Construction
Uploaded: 2024-01-29T16:00:01+00:00
Duration: 28 s
Channel: Cian Brennan
Description: In this excerpt, the speaker outlines the two fundamental sides of construction: the physical building work and the financial/administrative side. He…

29 Jan 2024 · 0 min

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In this excerpt, the speaker outlines the two fundamental sides of construction: the physical building work and the financial/administrative side. He stresses that performing work on a site without securing payment is unsustainable, and emphasizes that when additional work is requested, proper paperwork—such as change orders—is essential to ensure that the contractor gets paid and the business can maintain a viable cash‑flow cycle.

There's two sides of construction, really, if you want to think about it. And there's the constructing side of constructing, the building side, and then there's the money side. And so there's no point, and I'm sure a lot of people listening today will, there's no point going on site, doing some work and not getting paid for it. That just doesn't work. That cycle doesn't work, or it can only work for so long. So if you don't know how to do work, be asked to do additional work, then do the paperwork to make sure that you get paid for that additional work is really important.