Welcome to our latest episode, where we've got a fantastic topic to dive into - contracts! We're thrilled to have Cian Brennan, the CEO of Quantum Contract Solutions, with us to share his insights. With extensive experience working with companies of all sizes, Cian is an expert in contracts and strategies. On this episode, we'll be discussing some key questions around contracts, such as what to look for as a client, whether a fixed or open book contract is better, and how to ensure fairness for all parties involved. Mat also has some interesting thoughts on standard contracts. Plus, we'll be touching on how to agree on the scope of work upfront to save you money, and what terms are negotiable in a contract. So sit tight and get ready to learn from the best - this is going to be a good one!
KEY EPISODE TAKEAWAYS
1. If you know exactly what you want and you have the scope of work clearly defined before starting the project, it can prevent up to 95% of problems that may arise during the project.
2. Ensure that the contract specifies how changes to the project will be handled, including variations and extensions of time.
3. When drafting a contract, it's important to consider termination clauses to protect yourself if things go awry. In most cases, it's recommended to use standard contracts, but make sure to understand and negotiate any terms that may not be suitable for your project.
CONNECT WITH US ON SOCIAL MEDIA!
WEBSITE: https://www.buildipedia.au/podcast
LINKEDIN: https://www.linkedin.com/company/ballast-point-pl/mycompany/
FACEBOOK: https://www.facebook.com/ballastpointprojects
INSTAGRAM: https://www.instagram.com/ballastpointprojects/
CREDITS
INTRO: Rita Mastrantone
INTRO & OUTRO MUSIC: Coby Wilk
If you LOVED the episode, please make sure you share this on your Instagram stories and tag us @ballaspointprojects.
Thanks for listening & talk soon!
Mat & Jeannie