![Cian Brennan](/img/default-banner.jpg)
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Cian Brennan
Australia
Registrace 22. 11. 2020
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Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: quantumcs.co/YtOVSL3SimpleChanges
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: quantumcs.co/YtOCal3SimpleChanges. Jump on a free strategy session to see how we can help you!
DISCLAIMER: The content of this video 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.
Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: quantumcs.co/YtOVSL3SimpleChanges
If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: quantumcs.co/YtOCal3SimpleChanges. Jump on a free strategy session to see how we can help you!
DISCLAIMER: The content of this video 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.
Avoid This Costly Contract Clause: Save Your Construction Business
There’s one contract clause that might be a ticking time bomb for your construction business. In this video, we'll share how to identify and avoid it before it costs you big. Don't let this hidden danger drain your profits-watch now to keep your projects safe and secure!
Timestamps:
0:00 Intro
0:07 I'm Cian Brennan
0:36 Consequential Damages
1:00 4 Key Reasons to Exclude CD
1:05 1 High Risk of Indirect Costs
1:42 Free Training Video
1:55 2 Unpredictable Costs
2:33 3 Client Leverage
2:58 4 Financial Stability
3:30 Recap
3:50 Let's Chat!
Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.
Ready to Earn More from Every Contract? Find out how to protect yourself from larger companies taking advantage and start boosting your profits by 15%. Click here to discover the 3 simple changes in your contracts that make a big difference: quantumcs.co/YtO3SimpleChanges
DISCLAIMER: The content of this video 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.
#construction #contractmanagement #contractclause #constructiontips #constructionbusiness #contracterms #constructionindustry #constructionmanagement #contracts #subcontractor #projectmanagement #contractor #businessadvice #businessstrategy #businesstips
Timestamps:
0:00 Intro
0:07 I'm Cian Brennan
0:36 Consequential Damages
1:00 4 Key Reasons to Exclude CD
1:05 1 High Risk of Indirect Costs
1:42 Free Training Video
1:55 2 Unpredictable Costs
2:33 3 Client Leverage
2:58 4 Financial Stability
3:30 Recap
3:50 Let's Chat!
Our “Quantum Contract Advantage System” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk.
Ready to Earn More from Every Contract? Find out how to protect yourself from larger companies taking advantage and start boosting your profits by 15%. Click here to discover the 3 simple changes in your contracts that make a big difference: quantumcs.co/YtO3SimpleChanges
DISCLAIMER: The content of this video 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.
#construction #contractmanagement #contractclause #constructiontips #constructionbusiness #contracterms #constructionindustry #constructionmanagement #contracts #subcontractor #projectmanagement #contractor #businessadvice #businessstrategy #businesstips
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No idea
What do you mean?
In Toronto, Canada we get boondoggle after boondoggle. Union station, and now the Crosstown project. Way over budgets, and timelines. Metrolinx the government overseer sucks.
Could you elaborate on how as an employee/engineer i can get more project/clients for my company ie bring more money and save their time to ensure a fruitful outcome for my own career growth at faster pace.. which books would help in this scenario and implementing the change in workplace environment effectively on individual level..
What if a change order potentially induces bigger losses and damages? Since there usually isn't a separate contract for a change order, should the main contract state that any change order shall have a limited liability of 100% of the change order itself instead of the full contract?
A change order will increase the contract value once its approved. The Limit of Liability will be linked to this increase in contract value.
Cian what are some top ways to 3x or 5x our salary after joining the company ? In small or big companies how it works as some top players of the team star individuals say it's possible so what's their secret or methods to reach that goal..apart from being good at our craft which skills and traits are needed ..
Move as close to the money as possible. How can you get more money for your company? how can you save them money? - Very hard to ignore you if you are bring in new business, new change orders or saving them money.
@@constructionsecrets Got the message but as a hvac engineer in project management how can i get more money Ofcourse i can save time and resources but how does other things work and what should i do practically or on daily basis..
@@constructionsecrets whatever insights you've shared here could you suggest bunch of books which covers all these aspects in larger details for me to adapt and implement effectively.. what should i read and follow..
Standerd means normal. What is regular.
Totally lost.
Advice: Keep a good lawyer with u all steps of way.
Good advice. Provided they arent charging in 5 min increments.
sup my
Sup
Professional Grant Mills
Grant Mills?
Grant mills. Endlessly applying for phase 1 and phase 2 without any intention of phase 3, while just sitting on mountains of patents.
TLDR: Effective contract management in construction is essential for securing financial stability, gaining respect, and building a reliable and excellent reputation in the industry. 00:00 💡 Effective contract management in construction can transform business relationships and secure financial future by positioning you as a key player in negotiations. 00:54 💡 Swift contract modifications and clear communication can significantly reduce payment time, leading to improved cash flow and better client treatment. 01:16 🏗 Contract management in construction is crucial for gaining respect, better projects, repeat business, and recommendations, ultimately leading to thriving and building a reliable and excellent reputation in the industry. 02:10 💡 Be proactive with contracts to avoid being pushed into unfavorable terms and risking severe cash flow issues in construction. 02:59 💡 Review every clause, ask for adjustments, negotiate upfront, and prioritize professional respect to safeguard your business and ensure prompt payments. 03:53 💡 Negotiate and communicate clearly in contract management to protect and benefit your project, elevate your professional standing, and build strong, trustworthy relationships. 04:49 📝 Mastering contract management in construction leads to better cash flow, margins, reputation, and more work through trust, respect, and understanding every aspect of contracts. 05:35 🏗 Take control of your contracts, negotiate terms upfront, and become a reliable and trusted partner to secure big construction projects and build a profitable future.
Ohhhhhhh
New Sub. You've got our attention
Welcome aboard!
What happens if the Head Contractor is also affected by a delay from the client project manager and client? Subcontractors are affected by this delay as well. If there is an instance where the subcontractors procurement delay led to Liquidated Damages? But their still insisting to be paid the full amount of their subcontract. How do we navigate this?
Hi Helen! Delays caused by the client - there should be a flow down of delay costs and time. The head contractor will need to claim for costs and extension of time under the head contract from the client. The subcontractor should be able to claim for costs and extension of time under the subcontract to the extent that the delay affected them.
Liquidated damages need to be negotiated upfront with the subcontractor with this in mind to ensure equitable distribution of risk.
Great info. I work in sales in the construction market (as a sub-contractor with different types of materials or solutions), but I do not have education in construction. So, it is always a pain in the ass to negotiate the contract. If you need to advise someone on where to start educating to becouma a master negotiator as a KENTZ. What would you suggest?
Hey Maris - there is a full contracts negotiaton playlist that was for my internal team that I made live. All you need is there. The one with the dark blue thumbnails that all look similar
Contract negotiation playlist here: czcams.com/play/PLv29lEQWa3XrALcISx1_XCLxhRFUNM2eo.html
Funny thing, my job is to prevent exactly what you’re promoting in this video. It’s true that delays and extra (unforeseen) things can come up, which of course should be reimbursed to the contractor, but I’m pretty sure that’s not what you’re talking about!😂Nonetheless, interesting to see how you go about it, would love to have a chat on it
Me too at one stage in my career!! Two sides of the same coin :)
Goal! Reality! Options!! (3) Way forward! 🔥🔥
🔥🔥
Thanks great info
Great!
Learned a lot here. Thanks Cian!
Glad to hear!
Awesome content
Because someone kept the money in the business.
Great clause
Great video. Since contracting is so cost competitive/race to the bottom, being able to take a couple of percent off your estimates by eliminating corporate overheads makes a big difference winning new work
Thanks brother. Couldn't agree more
Thanks for the video💎💎💎
You got it!
Perfect
I agree. From my 30 years of research, all consecutive govt's' policies are to blame for the atrocious situation that is destroying our country. They do not listen to experienced practical businesspeople.
On the money Michael
Not bad.
Hello can i know what the relation or deffierance between inspector and contract admin
Inspector inspects stuff on site to see if it was done/ done correctly and a contract admin manages the contract itself to make sure you get paid for what was done
Cian one query - 1 factor which i often see in job descriptions and earning promotions is 'communication skills' demanded mostly by employers so how does in work exactly in our favour to get quick growth in terms of money ?
I think what they really mean is good English and ability to get stuff done by managing all your stakeholders well.
He’s saying the employer will cause instability by disrupting the relationship, making them default back to the black and white of the contract and extinguish any verbal agreements. Cheers Cian love your vids
On the money 💰 - Thanks mate.
This is actually very good. Thanks
Hopefully helpful :)
One thing I can add as a way to instantly improve differentiation: how the customer-facing team members interact with customers. If the business owner can wake up one day and say "I don't have visibility as to how our customers perceive our business because I do not interact with them - the 10 members of our front office staff interact with customers, and I don't monitor the interactions closely (or at all), I leave it up to the employee's own interpersonal skill." So for all the owner knows, customers might want to 'jump ship' to a different business. Or customers might be happy with the 10 employees who deal with customers. Point is, the owner just does not know. Two recent examples: 1) I was at a bank. There were 10 to 15 staff members inside their office or cubicle. There was only one teller interacting with the customers wanting to deposit, withdraw, etc. There were 5 people in line. The one teller was slow. People in line were giving up and walking out. It was 12pm noon. "Time is the most valuable asset." The bank customers are on lunch break. They notice the 14 other 'not my job!' employees at the bank not wanting to help with customers. I finished my deposit and went across the street and opened a new account at a competitor bank. OPPORTUNITY: business owner can make 100% effort to know how his business is being perceived by customers. 2) Long time swimming pool servicing vendor we used for our rental properties. Their customer-facing employees kept making mistakes. We asked for correction. No change. We replaced the vendor. A construction company owner who says "will put major effort into designing how customer-facing staff interact with customers, and will closely monitor them. Will hire those staff on 'people skills' could be a differentiator. I've been hiring contractors in the building trades for a couple decades. It's all over the map, how their customer-facing staff perform. It's a real opportunity to differentiate. Our roofing vendor and our HVAC vendor's customer-facing staff are courteous, punctual, conscientious and when an issue came up with one of the HVAC staff, they apologized and corrected. They've been our sole roofing and sole HVAC vendors for years. Just deciding to become aware of how well your customer-facing staff are performing with your customers is a massive opportunity, because too many vendors just leave it up to the untrained-in-customer-service employees. If the business owner can produce a polished customer-facing staff with incredibly good interpersonal skills with customers, it's a huge advantage, because most small businesses put too much faith in the untrained employee's ability to work well with customers. .
Not when contracts are legally binding and contractors pay a daily penalty for being late. Plus the cost to complete the job still fall on them.
Exactly what @jinty-mcginlay said
Excellent interview! Does he have a youtube channel?
No, I dont think so but has a book called the 1 page marketing plan and his company is leanmarketing.com
Lol
Cian what do you believe are some best books on creating immense value at our work and problem solving as these 2 qualities determine our earning potential if i am not wrong .. also how doubling down on our strength works in engineers field of work..
The technical side of things I cant really help with as I'm not an engineer - however at the end of the day its all about people, how you interact with others, influence others, problem solving, leading people etc. These are the things that are the highest value. Some books. The motive by partick lencioni, The Goal (the theory of constraints) and Influence and Pre-susaion by Robert Cialdini
@@constructionsecrets Thanks Man 🎯😊
Pleasure
the web page you indicated in your video does not exist. Also, as per comment below: try to shorten the talking, review your script, there is people who can help you because the message you are delivering is loosing in context when you talk too much.
Thanks for the feedback. Apologies for the web page as we have moved stuff to a new domain. Here's our website link: quantumcontractsolutions.com/ Our free training link: czcams.com/play/PLv29lEQWa3XrALcISx1_XCLxhRFUNM2eo.html
Thanks for the video. Good input and advise. You should add this kind of support on your web page and provide the same instructions there.
Great suggestion!
The role of design engineer in hvac mep is more appreciated and payscale is also great so what exactly to do as site engineer to deal with this unfair advantage and become great site engineer..
Let me work on a video for you in the future 😉
Bro as a hvac site engineer in Aec construction industry how to create path of immense career growth for us when others are complaining about low salary and less scope in work.. how to be an exception without being stuck as mediocre at job.. what separates top engineers from rest of the others..
As I said will do another video on this topic but check out the contract administration video on the channel. Talks about how to be good at that role and a lot of the same principles apply
@@constructionsecrets Okay 😊👍
I'm gonna look through your content but I'm looking for advice on getting liked professionally by senior peers in the workplace. I got hired as a cardlock technician and not only do I want to do a great job, I want to get raises and promotions. If you have any suggestions I would be glad to read them.
Check out the latest contract admin vid. It's a diff skill set but a lot of the same principles apply.
Totally agree with your comments on risk being passed down the contract chain.
Which books talks about it in greater details or mentors ? I am also in construction aec industry as hvac engineer..
Range: Why Generalists Triumph in a Specialized World" by David Epstein - this is a great place to start. Although not exclusively about skill stacking, it makes a strong argument for broadening your skill set
financialization of the economy is the main problem
There is also a massive fear of hiring
do you think there is a lack of Civil Engineers?
I am studying to become one and been debating about it.... Located in Illinois, Chicago area
@@MichaelLazarov the economy will never be what we need it to be. Still a great industry to invest in
Mate these videos are brilliant
Thank you so much, glad you're enjoying the content! Feel free to suggest topics you want us to discuss.
@@constructionsecrets I’ve watched a few of your videos, if you offered an online training package outlining the basic to advanced of being a CA and highlighting the do’s and dont’s tbh I would have signed up by now. I’m at the early stages of my CA career.
You might want to check our free training playlist czcams.com/play/PLv29lEQWa3XrALcISx1_XCLxhRFUNM2eo.html
Insightful analysis ! Could you share some secrets or unknown rules to get a first high paying job as fresher with internship after completing engineering & not depend on job hopping after some months ? Where should i apply more in start ups or mnc companies ? Which type of roles usually do get more earnings is it designing or execution part.. which soft skills should i showcase and learn to stay ahead in the game ? Any top books recommendations around this topic to help me land a good pay job..
Applied to all my counties and townships for Civil Engineering, and majority for this year don't hire because of "No funding for interns"
@@MichaelLazarov That's a major problem. We need to find solutions for such things happening across the regions.
Absolutely, landing a high-paying first job sets a good tone for the rest of your career. In my opinion, startups often offer rapid learning curves and responsibilities early on, which is invaluable. However, MNCs are all about a structured learning environment. Roles that require a mix of technical and business often pay better. Both design and execution roles are important, but roles around product strategy and interaction with business stakeholders often edge out purely execution-based jobs in terms of pay - something to think about. Check out Designing Your Life by Bill Burnett. Good luck brother - reach out any time
@@constructionsecrets Thanks a Ton 😊 would be interesting to see you making more videos around this topic.
Sir how to become a creative and futuristic thinker and earn promotions through it in my company as engineer/employee by raising valuable work outputs ? Any book recommendations or tips to work it out as i have less experience as mep hvac engineer in my field so have to find something else to grow at faster pace in corporate world and stand out from rest...
Hi Mohi - I think a vid on this here - czcams.com/video/DdoRp_TMtg4/video.html - it's about contract admins but also touches on engineers and Project management
😇 Promo`SM
Hey can you tell me that how to connect with Allan Dib?????
Here you go. You can visit successwise.com or email Allan directly at allan@successwise.com
Thank you😊😊😊😊