Avoid This Costly Contract Clause: Save Your Construction Business [#ThrowbackThursday] | Ep. 413

This episode is a re-run. It was originally published in August 2024.This one clause can bankrupt a profitable project overnight.Consequential damages can make you liable for your client’s loss of profit, even when your own margin is razor thin.With 65% of construction companies facing unexpected claims averaging over $500,000, this risk is far from theoretical.In this episode, we break down why this clause is a silent company ender and how it shifts massive, unpredictable liability onto subcontractors.Listen in.Struggling with unfair contracts or slow payments in construction? With 6,000+ contracts reviewed and $20 billion in contracts managed, Quantum Contracts' proven framework is designed to help you negotiate fair contracts, secure faster payments, avoid disputes, and improve cash flow.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to GRAB the FREE Industry Standards Guide: quantumcs.co/ISYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(1:31) - What is this crucial clause in your contract that could make or break your business?(2:15) - An unexpected claim for loss of profits can wipe out your gains completely(3:15) - 65% of construction companies have faced unexpected claims for consequential damages, with the average claim amounting to over $500,000(4:00) - Consequential damages can lead to claims that far exceed the value of the original contractDISCLAIMER: 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