This episode is a re-run. It was originally published in April 2024.
Most new construction business owners are set up to fail before they even break ground. They sign risky contracts they don't understand, take on the wrong insurance, and agree to timelines that make zero sense for their scope. In this episode, we answer real questions from trades and subcontractors about certifications, pricing models, insurance traps, and contract clauses that can wreck your margin. You’ll learn how to protect your IP, set the right risk tolerance, and avoid being locked into 36-month nightmares.If you're thinking of starting a construction company or just want to make sure yours survives, you need to hear this. Tune in now.
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Timestamps:
(1:14) - What kind of training and certifications do you need to start your own construction company?
(2:45) - What type of insurance cover or guarantee should I be taking out on my company?
(5:42) - What would you say is the best sector to specialize in so that it doesn't happen to my business in a couple of months?
(7:52) - When signing onto a project, what is an acceptable timeline of the project? What is the industry standard?
(13:08) - How do I keep my IP to myself when I sign a new contract?
(15:05) - Should my price be fixed price or an estimate, which option would give me the upper hand?
(18:14) - Are there any courses you could recommend to my team and I can learn about clauses and contracts?
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.
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