CONTRACTUAL SUPERPOWERS FOR CONSTRUCTION COMPANIES
Contracts Administration For Smart Construction Companies
- Sign Low-Risk Contracts
- Have Strong Project Cash Flow
- Eliminate Disputes
- Maintain or Increase Project Margin
CONTRACTUAL SUPERPOWERS FOR CONSTRUCTION COMPANIES
Contracts Administration For Smart Construction Companies
- Sign Low-Risk Contracts
- Have Strong Project Cash Flow
- Eliminate Disputes
- Maintain or Increase Project Margin
1/4 of all Insolvencies come from the Construction Industry
The reality of the construction industry is that 99% of the contracts are either client written “hostile” contracts or highly amended standard contracts. The further down the chain you are, the more risk is pushed onto you.
Risk Pushed Onto You
The reason for the high amount of insolvencies is due to the Contractual Hierarchy.
The Principal (Government’s, Developers, Oil & Gas Companies etc) Contract to a Tier 1 Contractor. There will be lawyers on both sides of this agreement, and the risks are known.
The Tier 1 Contractor will then Subcontract most if not all of this work out to Tier 2’s (scaffolders, civil companies etc). These Contracts will be more hostile than the one they signed with the Principal (to cover themselves).
Lack of Expertise In-House
Unfortunately, the Tier 2’s don’t have and can’t afford the expertise which results in them signing contracts without fully understanding the risks.
These contracts often times are asking you to sign up to unlimited liability, consequential damages, never ending rewarranty periods and extremely tight time bars (to name a few issues).
Even for smaller value contracts, signing up to the wrong terms can potentially be catastrophic for your business.
Become Contractually Savvy
We help construction subcontractors avoid contractual landmines, save money and upskill their workforce.
Clients and Tier 1’s feel assured that you know what you are doing when you are commercially astute.
They feel like they are dealing with professional and capable company that knows its service inside out.
Our process begins with our "Pre-Award" Service
Our proven contracts review framework are the initial steps we take as your dedicated contract specialists.
CONTRACTS REVIEWED
We review the details of your terms & conditions, rates & preambles, tender instructions & all associated documents.
We find the risks and present them in a way that is easy to understand, doesn’t require you to do more work and allows you take actionable commercial decisions to reduce you company’s contractual risk.
DEPARTURES PREPARED
Quantum has the benefit of learning from reviewing thousands of contracts for all types of Subcontractors across all types of Constructions Sectors.
We know how to word departures so that they get accepted. We know what gets accepted and what doesn’t. We know how many is too many.
Video Reviews
We know that you are busy and the last thing you want to do if have to spend more time “reviewing” the review.
That’s why we prepare a 5 – 10 minute video for every contract review.
This allows you get up to speed on all the contractual landmines very quickly so you can spend more time on high value activities.
LUNCH & LEARNS
Every month you (and whomever you want in your business) will be invited to a contractual lunch & learns.
We cover an array of commercial topics to upskill your workforce so you become a contractually savvy company.
What Our Clients Say
Next, We step it up with out "post award" service
This service is everything in Quantum “Pre-Award” Service PLUS all the items below.
1. Contractual Kick Off Meetings
The goal here is to upskill site staff and close the gap between delivering the project and delivering contractually.
We download everything in your contract (Delay Events, Variations, Time Bars, Client Instructions etc) and give an easy to understand presentation to your site team so they know exactly what they need to do contractually.
2. Contractual Adherence Checklists
Contracts are written by lawyers for lawyers.
Let us dig through the all the pages of the Contract and create a checklist of what you actually need to do, what not to do and what you need to submit.
3. Change Management
No need to worry about another “system” that you need to implement.
We bring our own system, people and processes to make sure that we capture all delays and scope changes on your project.
4. Contractual Notice & Letter Prep
Getting your contractual notices in on time, with the right info and presented professionally is paramount to your success in making sure you are covered contractually.
5. Variation Preparation
Getting variations rejected (which impacts cashflow) is a major reason that subcontractors can go out of business or be forced to agree to smaller sums that they are entitled to.
Let us make sure that your variations are submitted to the highest quality so your next project is a success.
6. Contractual Advice
From time to time, you may need specific contractual advice which is unique to your company and circumstances.
We’re there to help.
7. Preparation of EOT/ Disruption and Acceleration Claims
Projects don’t always run smoothly and often times, its not your fault.
Its important to present your case in a clear, organised and detailed way.
We have experts on hand to help.
8. Dispute Management
Not every situation needs lawyers. If we can resolve the issue without resulting to courts & ruining relationships, that’s how we’d like to proceed.
Getting it wrong can, and for many businesses does, mean catastrophic failure.
9. Adjudication Submissions & Defense
If we can’t help you resolve a dispute amicably and your case is strong, we’ll help you prepare and manage the adjudication process to (hopefully) a successful outcome.
On the flip side, if another company submits an adjudication against you, we’ll help you defend it.
Quantum Contract Solutions on Sky News: Tackling the Construction Industry’s Toughest Challenges
In a recent interview on Sky News, Cian Brennan, Founder and CEO of Quantum Contract Solutions, addressed critical issues currently facing the construction industry in Australia. From rising insolvencies to the impact of COVID-19 policies, Cian provided in-depth insights into what’s really happening behind the scenes.
Just 3 Things To Avoid, and They Don’t Involve Carbs
The list of risk factors is endless. 26% of insolvencies come from the construction industry. Across the globe construction has the highest insolvency rate.
Can You Make It Past 10?
We’re not talking about staying up… Did you know that OVER 65% of construction companies never make it past the 10 year mark?
Three’s not a Crowd, Three’s the Key
The more keys you have, the more doors you can open.
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I’m going to drone on about AI and drones… And by drone on, I mean give you a bird’s eye view.
Remember the days when “if we didn’t fwd this email our world would end in tragedy?”
Thankfully, we’ve moved on from that brand of doomsday spam, but it got me thinking about something that I’m faced with a lot.
Avoid Being Bullied So You Save Money
A lot of people give in to bullies just to avoid conflict. The problem is, that this means you’re usually caving on something important.
