All Episodes
Episodes
Episode 53 - Advantages of an in house contract review
In this episode, I discuss the benefits of reviewing your own contracts internally before seeking legal advice. I explain how understanding your trade and operations can help identify risks better than a lawyer alone....
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Episode 52 - Good and bad things builders did before going broke
In this episode, we're observing things builders have done both positively and negatively when struggling financially or going into liquidation. Episode highlights include: -
Going public with financial struggles can...
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Episode 51 - Margin give back on negative variations
In this episode, I'm discussing the importance of understanding how negative variations are treated in your subcontracting agreements.Many tradespeople are unaware that accepting large deletions of scope can eat into...
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Episode 50 Pros and cons of bank guarantees
Today, I want to shed light on the world of bank guarantees. They may seem like a cash flow saviour, but do they come with hidden risks? Join me as I explore the pros, cons, and the unexpected pitfalls of using bank...
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Episode 49 - How to change your builder's contract without starting a war
Welcome to the Tricks of Your Trade podcast, where we delve into the ins and outs of the trade business world to help you navigate it successfully. Today, I want to revisit the crucial topic of negotiating contracts...
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Episode 48 - Using Logic-Based Assurances in Negotiation
In this episode, let's dive into a crucial topic: harnessing logic-based assurances to transform your builder's contract without igniting conflicts. With my experience as a construction adjudicator, lawyer, and...
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Episode 47 - What your average Contract Sum tells you about your risk profile
Today, we're going to delve into the intriguing world of subcontracting within the Australian construction industry. Specifically, we'll be exploring how the contract sum can reveal important insights about your risk...
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Episode 46 - Watch out for the cross contracts deductions clause in your builder's contract
In this episode of The Tricks of Your Trade podcast, we delve into a crucial aspect of builder's contracts that often goes unnoticed but can have significant financial implications. We shine a spotlight on the "cross...
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Episode 45 - Why insolvent builders won’t fall on their sword
In this episode of Tricks of Your Trade Podcast, we tackle a tough truth that may be difficult for subcontractors to hear. We dive deep into the world of insolvent builders and why, in many instances, it's actually in...
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Episode 44 - 10 signs your builder might be going broke
If you're a subcontractor in the construction industry, it's important to keep an eye out for signs that your builder might be struggling financially. In this episode, I discuss the top 10 signs to watch out for, and...
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Episode 43 - How to rank contract departures based on importance
In this episode of Tricks of your Trade, I'm sharing my tips for prioritizing contract departures when negotiating with your builder. Instead of getting lost in legal jargon and clauses, I take a practical approach to...
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Episode 42 - Negotiating With The Principal When Your Builder Goes Broke
If your builder has just gone broke, you have a window of opportunity to negotiate a payment and some terms to complete the job with the principal. If you go into this negotiation the stress ball emotional wreck you...
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