3 Critical Reasons Construction Companies Are Going Out of Business [Spotify Video Episode] | Ep. 249

Construction companies on the brink: Tune in to uncover the three critical reasons construction companies are facing closure. Learn, adapt, and ensure your construction business stands strong against the odds! For more videos, subscribe to our YouTube channel using this link: https://quantumcs.co/CSYouTube Construction Companies doing $5M+!📣 We have created a FREE REPORT, packed with information gathered from over 4000 Contract Reviews. In this report you will find The 3 Things You Need To Negotiate In Every Contract. Click Here to find out how you can sign low-risk contracts, boost cash flow & improve your profit margin. https://quantumcs.co/downloadthereport If you want to find to out more, book a 30-minute, no-obligation call with one of our contract experts: https://quantumcs.co/bookinthecall. Jump on a free strategy session to see how we can help you! Timestamps: (1:20) - 26% of all insolvencies or bankruptcies are coming from the construction industry (2:35) - What is causing all of the insolvencies? Why is the construction industry having this particular issue at the moment? (4:37) - Generally across the world, interest rates are going up (5:47) - Most construction companies go out of business because of cashflow (7:03) - We want to have a termination clause in the contract that allows you to terminate them if they don't pay you 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. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter