As every small business owner knows, cash is king. But in my experience, a lot of business owners don’t realise they can use their contract to promote cash flow.
In this video I’m sharing some tips about what I look for when I review payment clauses.
I help construction, engineering and consulting businesses create and negotiate clear contracts so they can achieve great project outcomes. I founded SoundLegal to help SMEs in the engineering, construction, consulting and light industrial sectors manage their risk to support business growth, by finding practical, common sense solutions to contractual and other legal challenges. Subscribe to the SoundLegal newsletter “No Jargon” to hear monthly business insights from me.
Australia’s remarkable success at Paris 2024 is epitomised by Cameron McEvoy’s first Olympic gold in the 50m freestyle. As an astrophysicist and mathematician, McEvoy’s unconventional, data-driven approach to training paid off, inspiring insights for contract managers. By leveraging data to identify risks, set realistic benchmarks, and create effective payment regimes, contract managers can achieve gold-standard outcomes in project management. Just as McEvoy refined his technique for Olympic success, using data from past projects can pave the way for more robust, future-focused contracts.
Have you noticed that sometimes your contract document is called a “deed”, and sometimes it is called a “contract” or
If you’re a consultant or a subcontractor on a large project team, you may have noticed (or possibly, ignored ??)
Whenever I share my philosophies about why you should use a contract to support business risk management, I like to
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