How To Stop Getting Screwed On Your Contracts
Contractor Evolution
•
40m
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It's funny we’ve done almost 150 episodes of contractor evolution, and this is the first conversation we’ve had about the CONTRACT part. Better late than never I guess.
Today’s conversation is with Cian Brennan, Founder and CEO of Quantum Contract Solutions, and it’s all about how to DRAMATICALLY reduce your risk by learning the game of contracts.
We talk about:
- How to use the termination clause to set some boundaries with the GC and dictate the terms in which YOU can fire THEM!
- Why most contractors make the colossal mistake of believing that can’t negotiate their contracts (guess what, you can and SHOULD)
- Lastly, we talk about tweaking what's called the limit of liability to avoid those business-ending lawsuits
This conversation was SUPER eye-opening and could save you some unimaginable headaches in the future.
00:00 - Intro
06:52 - Cian’s experience on the other side of this equation and what it taught him about "the game of contracts"
10:43 - FIRST PRINCIPLES explanation of what contracts are
12:48 - Common blindspots and misconceptions
22:20 - 3 things every contractor should negotiate on every contract to reduce their risk
22:42 - Termination
30:19 - Limit of Liability
34:07 - Consequential Loss
37:31 - Closing Wisdom
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