Construct EQ
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BOOK YOUR FREE 15 MINUTE CONSULTATION

Contract Management Services: Addressing Relationships & Risk

"Do I really need a contract review?"

One unfavorable clause related to 'Consequential Loss' or 'Liquidated Damages' in your commercial contract management can end up costing you more than your profit on the entire job. Our contract review service costs just a fraction of the risk associated with construction risk management.

"Will hiring a contract manager make me look 'difficult' to the builder?"

Using a professional format in your communications usually enhances your image, especially in the realm of commercial contract management. Tier 1 and Tier 2 builders are accustomed to interacting with Contract Administrators. When you respond with a well-structured professional letter instead of an angry text message, they take notice and show respect. This approach indicates that you operate a serious business, making them less likely to push you around. Lengthy 20-page contract reviews can frustrate builders, as they waste both their time and yours, particularly in construction risk management scenarios. We will only request changes to the contract when it significantly impacts the overall agreement.

"I’ve already signed the contract. Is it too late for you to help?"

It is never too late. While we can’t change the clauses you’ve already agreed to, we can assist you with commercial contract management to help you manage them effectively. We will identify the risks in your current contract through a thorough contract review and ensure you are strictly following the necessary notification procedures, so you don't get hit with a breach of contract or liquidated damages during the construction risk management process.

"My margins are already tight. Can I really afford this?"

The better question is: can you afford to lose your retention in the context of effective commercial contract management? Or write off $20,000 in unapproved variations due to poor construction risk management? Our goal is to be 'revenue positive,' meaning the money we recover for you in claims and saved retention through meticulous contract review should significantly outweigh our fees.

The Logistics

"Does this replace my current accountant?"

No. We collaborate with your accountant, who manages your tax compliance, BAS, and year-end financials. Our focus is on the 'Operational Finance' aspect, handling day-to-day invoicing, payroll, and job tracking that provides essential data for your accountant. By optimizing processes through commercial contract management and effective construction risk management, we prepare everything in advance, often lowering your accounting bill. Additionally, our contract review ensures that we clean up any potential issues before they reach your accountant.

"Do you need to come to my site or office?"

Generally, no. We operate as a modern, remote-first business, utilizing email, Zoom, and cloud-based software (like Xero, Simpro, or AroFlo) to manage everything efficiently, including aspects of commercial contract management and construction risk management. This approach keeps our overheads low, which ultimately helps in reducing your costs. However, for local clients in the Brisbane area, we are happy to meet face-to-face for initial strategy sessions, including contract review.

"What software do you work with?"

We are experienced with most major construction management and accounting platforms, including Xero, MYOB, and QuickBooks. Our services seamlessly integrate into your systems, allowing you to maintain your current setup while enhancing your commercial contract management and construction risk management processes. You don't have to change everything for us, and our expertise in contract review ensures a smooth transition.

"I’m just a small operation (me and 2 guys). Is this for me?"

You might not need our monthly admin retainer yet, but you definitely need our 'Shield' service, especially for commercial contract management. Small businesses are the most vulnerable to bad contracts, as one bad project can wipe you out. Our expertise in construction risk management ensures that you are protected. Additionally, we can offer 'Lite' support packages that scale as you grow, including contract review services to safeguard your interests.

The "Insider" Edge

"Why shouldn't I just use a lawyer for contract reviews?"

Lawyers provide valuable legal advice, but they often prioritize 'legal perfectness' over practical 'commercial reality.' They may debate a clause that holds little practical significance, while overlooking critical aspects that could lead to significant costs. As professionals in commercial contract management and construction risk management, we approach contract review from a delivery perspective—can you realistically execute this job under the given terms and still turn a profit?

"What happens if a dispute goes legal?"

Because we prepare your paperwork correctly from day one, our approach to commercial contract management ensures that most disputes are resolved before they ever reach court. However, if a matter does go to litigation or adjudication, we can prepare the 'brief' of evidence to hand over to your solicitors, which is particularly beneficial in construction risk management, ultimately saving you thousands in legal discovery fees during contract review.

"How do you charge?"

We dislike surprise bills as much as you do. That's why we provide fixed pricing for our contract review services and maintain transparent hourly or retainer rates for ongoing support in commercial contract management and construction risk management.

BOOK YOUR FREE 15 MINUTE CONSULTATION

Construct EQ

0421219896

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