The Vicious Cycle of Tendering in Construction [#ThrowbackThursday] | Ep. 345

This episode is a re-run. It was originally published in March 2023. Feeling stuck in the tendering process? It can feel like a never-ending cycle. Tune in to this episode as we break down why tendering often feels like going in circles and how to break free. 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 IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025 Click here to BOOST your profit margins up to 15%: quantumcs.co/YtO3SimpleChanges Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptIn Timestamps: (1:13) - What is the vicious cycle of tendering or how do you get yourself into a vicious cycle? (2:32) - You were asked to be part of a bid or a tender (4:14) - That's how mistakes happen, obviously, these guys made a mistake as well (6:01) - You want to have a different acquisition channel other than bidding or tendering for work (6:56) - The virtuous cycle is you win a project with a high margin (8:18) - The biggest and best construction companies will win bids at a loss but they know that they can make it up in the post-award phase 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