Dispute Resolution Tips for Construction Contractors [#ThrowbackThursday] | Ep. 411
· 8 min
Notas do episódio
This episode is a re-run. It was originally published in July 2024.
Submitting all your changes at once is the fastest way to lose them all.
Bundling variations might seem efficient, but it often backfires when the client picks them apart and delays payment.
In this episode, we walk through the real cost of slow approvals, why your dispute resolution clause might be setting you up to fail, and how to strike fast settlements that protect your cash flow.
Hit play to learn more.
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Timestamps:
(1:45) - The real problem when it comes to contract management is there's so much misinformation out there
(2:55) - Too often, the default next step is straight to court or arbitration, which can be prohibitively expensive
(3:54) - Before signing any contract, review the dispute resolution clause, make sure there's an escalation process in place
(5:51) - Inform your client that delays in approval are hurting your cash flow and your ability to commit to future changes
(6:57) - Get in front of the decision-makers, present your case clearly, and be willing to compromise
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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