Growth Mini Series: Getting the Contract Right

In episode 104 of The Subcontractors Blueprint podcast, host Jacob Austin celebrates two years of the podcast and continues his mini-series on business growth for subcontractors. He provides practical guidance on commercial and contractual considerations when taking on larger projects, including contract terms, insurance, bonds, safety, and quality standards. Jacob highlights the importance of understanding every contract detail, managing risks, and staying compliant with industry trends like sustainability and local supply chain commitments. The episode is packed with actionable advice to help construction business owners protect profitability and successfully scale their operations.   KEY TAKEAWAYS:  Larger projects bring more complex contracts and higher risks for subcontractors.  You must read and understand your contract!  Always understand your contract’s scope, timeline, and payment terms before signing.  Proper documentation and following procedures are essential for getting paid and managing changes.  Ensure you have the right insurance, bonds, and safety accreditations for bigger jobs.  Focus on quality, safety, and social value as bonus points to win work and grow your business.   BEST MOMENTS: "If you look for nothing else when you read the contract, look for the Holy Trinity: What am I doing? When have I got to do it by, and how much do I get paid and when?" "Winning a larger project isn’t just about doing more work—it often will mean signing up to more complex contracts and fulfilling more commercial requirements." "There is no benefit to be gained in rigidly sticking to what you want to do if it doesn’t get you paid." "Change is the only constant, and that makes it vital for you to know how to deal with it when it happens on your job." "Demonstrating good safety and coordination will mark you as a reliable partner for the contractor on future work, particularly if you underpin that by delivering."   Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, and Kier. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links