Episode 49 - How to change your builder's contract without starting a war
Welcome to the Tricks of Your Trade podcast, where we delve into the ins and outs of the trade business world to help you navigate it successfully. Today, I want to revisit the crucial topic of negotiating contracts with builders, a subject that's vital for all you LLC subbies out there. With the surge in contract signings, it's more important than ever to ensure you're getting the terms you need without jeopardising your working relationships. In this episode, I'll share my insights on making contract negotiations a win-win experience.
Episode Takeaways:
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Know What You Need: Before entering contract negotiations, have a clear understanding of what terms and conditions are essential for your job. This includes hourly rates, variations, margins, and more. Don't leave room for ambiguity.
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Preserve the Person: Maintain a positive relationship with your builder during negotiations by offering them some wins. Don't get stuck on minor issues; instead, focus on key points that matter to both parties. Remember, it's about finding a balance that benefits everyone.
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Strategic Departure Scheduling: Organise your departure schedule logically, grouping related clauses together. This not only streamlines the negotiation process but also allows you to make trade-offs effectively. By addressing issues as a package, you can achieve a more favourable overall contract.
