Cashflow is King in Construction | Ep. 80

Just because you appear to be making money, doesn't mean you can't run into trouble. Find out why cash flow matters and how you can avoid running into big problems. Welcome to the Construction Secrets where we can help you deliver commercially, and secure a healthy profit on each project through negotiating better contracts. If you're looking to reduce your risk by a factor of ten, make more project profit and have better project cash flow, visit this link: quantumcs.co/casestudy-yt Timestamps: (1:07) - Why is cash flow such an issue? (2:45) - Ways that we can get a better contractual position (3:20) - How long is the period between the filing of the payment application to when you get paid? (4:17) - Make sure there are no problems when submitting variations, change orders, etc. (5:21) - Getting a quick approval means better cashflow (6:42) -  Get pre-payments as much as possible 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.