The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry.
The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.
The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.
The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.
If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.
Here are some specific benefits of listening to the Construction Cashflow Podcast:
If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.
Hosted on Acast. See acast.com/privacy for more information.
The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry.
The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.
The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.
The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.
If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.
Here are some specific benefits of listening to the Construction Cashflow Podcast:
If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.
Hosted on Acast. See acast.com/privacy for more information.
Construction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how to unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
- Welcome listeners to a new episode of The Construction Cashflow Podcast.
- Today, we're peeling back the layers of Chancellor Jeremy Hunt's Autumn Statement, focusing on the 55-day payment term for government contracts.
- Pose a thought-provoking question: “Is this just a 'wishy-washy' approach by the government, or a step towards real change in the construction industry?”
Key Themes:
1. The 55-Day Payment Rule: More Than Meets the Eye?
- Chancellor Hunt announces a new rule: Companies bidding for government projects over £5m must prove they pay invoices within 55 days.
- Discuss the potential impact of this rule on larger versus smaller contractors.
- Question the real effectiveness of this policy in addressing late payment issues.
2. The Reality of Cash Farming in Construction
- Highlight how some larger contractors might use extended payment terms strategically.
- Examine the fine line between managing investments and maintaining ethical payment practices.
- Reflect on the potential consequences for smaller businesses in the supply chain.
3. Invoice Dates Versus Contract Dates: A Critical Oversight?
- Delve into the discrepancy between focusing on invoice dates instead of actual contract dates.
- Explore how this focus might disadvantage smaller trades that rely on regular cash flow.
- Debate why the Chancellor’s statement might miss addressing this crucial aspect.
4. Navigating Late Payments: Strategies for Contractors
- Offer practical advice for contractors on how to safeguard against late payments.
- Discuss the importance of understanding contract terms and effective financial planning.
- Encourage contractors to proactively manage their invoicing and payment follow-ups.
5. Critique of the Chancellor's Statement:
- Challenge the limited scope of the 55-day rule and its effectiveness for smaller contracts.
- Question the lack of a more robust legislative approach to ensure fair payment practices.
- Criticise the statement for not covering contracts under £5m, potentially overlooking a significant part of the industry.
Hosted on Acast. See acast.com/privacy for more information.
Construction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how you can unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
Episode Summary
In this episode, Stu Davidson discusses how specialist subcontractors and suppliers can protect themselves from late payments, retentions, and complex payment terms.
Stu recommends the following:
By following these tips, specialist subcontractors and suppliers can increase their chances of getting paid on time and protect their businesses from financial risk.
Hosted on Acast. See acast.com/privacy for more information.
Construction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how you can unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
Episode Title: Vistry's 10% Cut: How to Negotiate as a Specialist Contractor
Host: Stu Davidson
Summary: Vistry's recent demand for a 10% cut from its suppliers has caused ripples in the construction industry. In this episode, Stu Davidson discusses how specialist contractors can negotiate effectively in response to this demand.
Key Points:
Additional Thoughts:
Episode Resources:
Call to Action:
Stand up for your rights and don't accept unfair demands from Vistry. Join the growing movement of suppliers who are fighting for a fairer deal.
Hosted on Acast. See acast.com/privacy for more information.
Constriction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how you can unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
🎧 Don't Miss This Game-Changing Episode! Maximize Your Construction Cashflow with Credit Management Expert Tracey Westell! 🎧
Hey, all you hardworking construction professionals out there! Struggling with cash flow? Losing sleep over unpaid invoices? This is the episode you can't afford to miss. Stu Davidson is back with the Construction Cashflow Podcast, bringing you the kind of insider knowledge that could revolutionize your business.
Are you a subcontractor grappling with the influence of bigger contractors? Stu dives deep into this topic, cautioning you about the pitfalls of getting underpaid over time. Then enter Tracey Westell, the genius behind Pecunia, who started her journey in a local authority office and is now a go-to guru in credit management.
Imagine a world where you're not just asking for your payment but have an entire, well-knitted team and strategy to make sure the money lands in your account—on time, every time. Tracey takes us on a tour through the complex but highly rewarding world of credit management. Trust us, by the end of this episode, you'll be taking notes.
Considering taking on high-risk projects? Hold your horses! Stu's got a golden nugget for you—tender under a separate entity and protect your core business. This is the kind of practical, hands-on advice you'll only find on the Construction Cashflow Podcast.
But what about those contracts that look too good to be true? Both Stu and Tracey weigh in on why you should think twice before signing on that dotted line. Learn why it’s crucial to get those contracts translated into layman’s terms and why ignoring this step could cost you dearly.
Still wondering if you should listen? What if we told you that this episode not only covers how to protect your current cash flow but offers legally-backed ways to recover late payments? Yep, you read that right! Tracey unveils the power of the Late Payment Act and other tools to put you back in the driver’s seat of your finances.
So, go ahead, click that play button. Whether you’re a seasoned professional or just starting your journey in the construction industry, this episode is going to fill your toolkit with strategies for financial stability and success.
Join us for an episode that promises not just to inform but to transform your approach to business. Tracey even commits to sharing the podcast on her extensive network and contributing to Stu's upcoming eBook on industry top tips.
👷♀️👷♂️ Get ready to redefine your cashflow game, only on the Construction Cashflow Podcast with Stu Davidson! 👷♀️👷♂️
Hosted on Acast. See acast.com/privacy for more information.
Constriction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how you can unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
Hold onto your hard hats, construction aficionados! Welcome back to another riveting episode of The Construction Cashflow Podcast. I'm Stu Davidson, and today we're unlocking the vault of wisdom with a living legend—Dr. Raphael M Düa! This man's list of accolades could fill an entire skyscraper. 🏗️
Episode Highlights:
A Living Legend: Meet Dr. Raphael M Düa, the maestro of project management who has been in the trenches—quite literally—for over six decades.
From Punch Cards to AI: Journey through time as we explore the seismic shifts in computing and project management—from primitive punch cards to cutting-edge software.
Global Success: Travel with Dr. Düa to New Zealand, where he transformed the construction landscape with innovative IT solutions.
In the Weeds: Deep dive into critical project planning strategies. Ever heard of Bill of Materials or Work Breakdown Structures? You'll want to after this.
Micro Planner Magic: Learn why Dr. Düa swears by Micro Planner for managing the maze of construction complexities.
A Glimpse into the Future: Hold tight as Dr Düa lays out the roadmap for the next iteration of Micro Planner and even teases a future venture in algorithmic magic!
Dream Big: In an unexpected twist, Dr Düa reveals his personal aspiration—a global adventure with his kids.
Stu's Sage Advice:
UK Planning: Get my take on the project planning landscape in the UK.
Consult the Experts: Why ignoring skilled labour could be your downfall when estimating task duration.
Raf's Top Ten: Extracting golden nuggets from Dr Düa's vast repository of knowledge—ranging from technological evolutions to Agile pitfalls.
Closing Notes: We wrap up the session decoding the nuances of cash flow and scheduling—complete with logic diagrams and an insider look at project complexity.
Whether you're a newbie or a seasoned pro, this episode is your golden ticket to upscaling your knowledge and strategies in the construction industry. Tune in and elevate your game to skyscraper heights! 🎧👷♂️
Hosted on Acast. See acast.com/privacy for more information.
Constriction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how you can unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
Episode Highlights: Rocky Lalvani and Stu Davidson
Unlock the secrets of money mindset and personal growth with Rocky Lalvani and Stu Davidson on the Construction Cashflow Podcast. Here are the key takeaways:
Rocky Lalvani's Insights:
1. Childhood Programming: Early experiences shape our money attitudes; recognize this for financial growth.
2. Awareness Matters: Reflect on your money behaviours and language; awareness is the first step to change.
3. 'Profit First' Mindset: Transform money management with 'Profit First,' bringing discipline and viability.
4. Behavioural Cash Management: Shift focus from emotions to math; use human behaviour to your advantage.
5. Profit as Habit: Prioritise profit; 'Profit First' means sales minus profit equals expenses.
Stu Davidson's Insights:
1. Avoid Low Margins: Prioritise high-margin projects and value; avoid racing to the bottom.
2. Success Beyond Money: Success means time freedom and pursuing passions.
Top Tip for Listeners: Differentiate yourself, build a premium reputation, and choose collaborators carefully.
Personal Growth and Routine: Start your day with reflection, exercise, and personal growth.
Adventure and Challenges: Inner exploration and conquering challenges define adventure. Overcome the fear of taking the first step.
Industry Practices and Productivity: Poor industry practices harm subcontractors. Efficiency and selective clients bring change. Rocky is most productive in the morning.
What's New and Surprising: Rocky works on marketing and hosts Q&A for "Profit Answer Man." Karate is his surprising passion.
Defining Success and Audience: Success is freedom. Implement 'Profit First' in the UK trades.
Advice to Younger Self: Take more chances and overcome limiting beliefs earlier.
Inspiration and Motivation: Inspiration comes from kids growing up and learning from business leaders. Make actionable business knowledge accessible to all.
This episode empowers you to transform your money mindset and embrace personal growth, leading to success on your terms. Join us on this journey of self-discovery and financial empowerment.
Hosted on Acast. See acast.com/privacy for more information.
Constriction Cashflow is Sponsored by Know Your Numbers
Click the Following 'Know Your Number's Link' to find out how you can unlock financial transformation in your business.
CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION
In This Episode, I Interview Successful International Property Investor Jelena van Wieren
Episode Highlights: Jelena van Wieren and Stu Davidson
In a riveting episode of the Construction Cashflow Podcast, Jelena van Wieren and Stu Davidson share their profound insights on the construction industry, business, and personal growth. Here are the key takeaways from this inspiring conversation:
Jelena's Insights:
1. Fearless Preparation: Jelena's 20-year real estate journey is a testament to resilience. She stresses the importance of mental and emotional readiness in navigating the unpredictable property development field.
2. Unwavering Drive: Jelena's dedication to completing what she starts is the driving force behind her success. Her determination serves as an inspiration to all aspiring entrepreneurs.
3. The Power of Learning: Continuous self-improvement, a positive mindset, and achieving financial peace of mind are the cornerstones of Jelena's approach. These principles can guide anyone on their path to success.
4. Trust and Transparency: Jelena emphasizes the significance of trust, integrity, and open communication in professional relationships. Building strong partnerships is key to achieving success in the construction industry.
5. The Quest for Personal Growth: Success isn't limited to construction projects; it's about self-realization and personal growth. Jelena advocates for continuous personal development, even when you feel you don't need it.
Stu's Main Points:
1. The Cash Flow Conundrum: Stu Davidson highlights that construction cash flow is central to the podcast's theme. Factors such as health and safety, advertising, branding, and contract terms can significantly impact cash flow.
2. Delays Spell Trouble: Stu emphasizes that project delays often lead to cash flow problems in the construction industry. Being proactive in addressing delays is crucial.
3. Transparency Is Key: Stu advocates for open discussions about financial difficulties. Transparency can pave the way for collaborative solutions, benefiting all stakeholders.
4. The Importance of Clear Agreements: Stu appreciates the value of being clear about time and money from the beginning when entering into agreements. This clarity prevents misunderstandings down the road.
5. A Culture of Support: Cultivating a culture where individual problems are seen as collective issues, especially concerning financial matters, can mitigate and solve various challenges.
Top Tip for Listeners:
Stu Davidson's top tip for listeners is to always have a 'Locum' or substitute ready for key roles. This ensures project continuity, even if team members face personal or medical issues.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, Stu interviews the woman heading up the revolution in how we do contracts in construction.
🌟 Introducing the Expert: Join us as we welcome the phenomenal Sarah Fox on The Construction Cashflow Podcast! With over 25 years of industry mastery, Sarah's transforming contracts into pure financial magic.
📘 Book Wisdom: Discover Sarah's treasure trove of books, including "Consultant Appointments in 500 Words," "Subcontracts in 500 Words," "Small Works Contracts in 500 Words," and "Collateral Warranties in 500 Words." These blueprints redefine clarity in contracts.
✨ Contract Clarity: Imagine contracts that are straightforward, intuitive, and hassle-free. Sarah's expertise turns complexities into confident agreements, making contracts a breeze.
💡 Expert Tips: Dive into Sarah's pool of wisdom at 500words.co.uk, and explore her monthly contract tips. Nuggets of advice that can revolutionise your approach to contracts!
🏢 Building Success: Sarah's revolutionising the construction game for developers, contractors, and everyone in between. Unleash the power of cash flow with her insights.
🎧 Tune In: Ready to reshape how you view contracts? Tune in now to The Construction Cashflow Podcast and immerse yourself in the magic of clear contracts and empowered cash flow.
#ConstructionMagic #ContractClarity #CashflowSuccess #IndustryInnovator
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Hey there, construction industry enthusiasts! Get ready to dive into the world of financial mastery tailored specifically for our dynamic field. Welcome back to another exciting episode of the "Construction Cashflow Podcast." I'm your host, Stu Davidson, and today, we've got something truly special in store for you.
Ever felt like your construction business is on the brink of something great, but navigating the financial landscape feels like deciphering ancient hieroglyphics? Well, hold onto your hard hats, because I've got just the expert to guide you through the maze.
Joining us today is none other than the financial sage himself, Craig Alexander Rattray. Craig is the go-to guru for forward-thinking, entrepreneurial business owners who are ready to take their construction ventures to the next level. He's the man with the plan when it comes to developing and implementing rock-solid financial strategies that provide unparalleled visibility, clarity, and certainty.
You know, in construction, it's not just about bricks and mortar – it's about building a sustainable, thriving business. And that's where Craig works his magic. With his guidance, you'll not only regain control of your financial landscape, but you'll also gain the tools to understand where you are, where you've been, and, most importantly, where you're headed in this ever-evolving industry. 🏗️🔍
But here's where it gets even better: Craig's expertise isn't just about numbers on a spreadsheet. He's all about boosting your profitability, smoothing out your cash flow, and ramping up your shareholder value. In the construction world, those are the game-changers that can turn a good business into an industry powerhouse. 📈💰
And guess what? With Craig's guidance, those complex financial statements won't be a mystery anymore. You'll not only know your numbers like the back of your hand, but you'll also understand how they weave into the very fabric of your construction enterprise.
Oh, and speaking of results – Craig doesn't just promise them, he delivers. He's got an impressive track record of transforming construction businesses into success stories that inspire and impress.
Got questions? Eager to learn more? Connect with Craig directly at craig@crcorporatesolutions.co.uk. or go to https://knowyournumbers.biz Your journey to financial mastery in the construction industry begins now!
So, grab those blueprints, put on your safety gear, and get ready to level up your construction business's financial game with insights straight from the source – right here on the "Construction Cashflow Podcast."
Stay tuned, stay inspired, and as always, keep building! 🛠️🏢
Hosted on Acast. See acast.com/privacy for more information.
In this episode, Stu interviews Chris Barber founder of C-Link and Prosper. Digital supply chain management and procurement.
Chris also has many years of experience as QS for main contractors and subcontractors.
Chris recently raised a petition to make project bank accounts mandatory in the UK - you can view the petition by following this link https://weallprosper.co.uk/petition/make-PBAs-mandatory/
We'll be discussing the petition along with payments, cash flow, supply chains and procurement.
You can join the live chat by going to https://constructioncashflow.locals.com/
Mission
The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry. The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.
The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.
The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.
If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.
Here are some specific benefits of listening to the Construction Cashflow Podcast:
If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.
Hosted on Acast. See acast.com/privacy for more information.
Construction Cashflow Friday
This week I'll be discussing:
Something undiscussed in the construction industry that causes slow payments, disputes, and delays.
Cash farming is the root cause of slow payments and cash flow problems in construction projects.
Main contractors use cash flow to make investments in land and property, leading to cash flow issues for suppliers and developers.
The problem this poses for main contractors and what they can do to avoid the pitfalls.
Proposing a solution: suppliers and developers becoming equitable partners in the main contractor's investment.
Mission
The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry. The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.
The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.
The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.
If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.
Here are some specific benefits of listening to the Construction Cashflow Podcast:
If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.
Hosted on Acast. See acast.com/privacy for more information.
Welcome to this special edition of Construction Cashflow. I'm Stu Davidson, and in this episode, I've compiled quotes, notes, and anecdotes from my guests from the last twenty episodes.
We'll cover cash flow, procurement, contracts, mental health, and much more.
I know that running a construction business can be challenging. There are many things to consider, and it can be easy to feel overwhelmed. But I want you to know that you're not alone. There are resources available to help you succeed.
That's why I created this community. I want to create a space where we can come together and support each other. Where we can learn from each other and grow together.
So to join the community, join the conversation, join the live chat, and support our mission, go to constructioncashflow.locals.com.
I hope you enjoy this episode. If you do, please subscribe, leave a rating, and share it with your friends. And if you're looking for more resources, be sure to join the live chat at constructioncashflow.locals.com Thanks for listening, and I'll see you next time.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, it is my pleasure to introduce you to Joe Lynch. Joe is a seasoned professional from the leisure travel industry.
Joe's expertise in marketing, business development, e-commerce, and data analytics translates directly into optimising cash flow and profitability in the construction industry. As the owner of Joe Lynch Consulting, he has a track record of helping organisations unlock their full potential and achieve sustainable growth.
Joe’s expertise also includes CRM systems, evaluating and enhancing product and service ranges, and leveraging digital marketing techniques relevant to driving cash flow in construction. These strategies are invaluable for industry professionals, business owners, and aspiring entrepreneurs. Join us as I explore with Joe his insights for financial success, from proven strategies from the leisure travel industry and how these can be adapted to revolutionise your construction business. Get ready to elevate your construction cash flow game with Joe Lynch.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, it’s my pleasure to introduce you to Gavin Coyle, Gavin is a renowned expert in evolving health and safety culture for business growth. With over 25 years of industry experience, Gavin is the founder and CEO of a global health and safety practice. As a sought-after speaker, mentor and author of the book "Workplace Safety on a Budget." he'll show you how to prioritise worker well-being while scaling your business. Get ready to unlock affordable solutions for workplace safety, protect your employees, and safeguard your bottom line. Join us now as we dive into practical strategies with Gavin Coyle.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
Hosted on Acast. See acast.com/privacy for more information.
In this episode, it’s my pleasure to introduce you to Billy Stein
Billy is a remarkable entrepreneur in the construction industry who has faced a multitude of challenges throughout his journey.
Despite these obstacles, Billy has emerged stronger, more determined, and more successful than ever before.
Billy shares his experiences of dealing with difficult contractors, getting paid on time, and facing labour and resource issues, while also discussing his personal growth.
He emphasises the importance of collaboration and facing challenges head-on, leading him to achieve remarkable success in his business.
Despite experiencing setbacks such as losing his business due to a main contractor going bust, Billy overcame his alcohol addiction to start again from scratch. In just five years, he grew his business from zero to £9m, a remarkable achievement that demonstrates his dedication and resilience.
Billy's story is one of perseverance, determination, and personal growth, inspiring us all to overcome adversity and achieve success.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
Hosted on Acast. See acast.com/privacy for more information.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
In this episode, Jemma Fairclough-Haynes shares her story of how she got to where she is today and what inspires and motivates her.
We'll be discussing employment law and in particular considerations around self-employed sub-constractors and why you should ensure you have the right contracts in place.
Hosted on Acast. See acast.com/privacy for more information.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
In this episode, Rob will share his story of how he got to where he is now and what inspires and motivates him.
We'll discuss why you should keep a copy of the contract on your desk and flick through it daily. And on a deeper level, understanding the difference between defined costs and cost plus under the NEC contract is critical.
Hosted on Acast. See acast.com/privacy for more information.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
In this episode, Stu interviews Paul McDevitt, where Paul shares his story of how he got to where he is now and what inspires and motivates him.
We also discuss business strategy and the importance of understanding your value and doing your due diligence on your client. Paul started out in economics and finance but soon switched to construction where he held many senior positions including Regional Marketing Manager for Mansell back in the day. Paul went on to become an expert in business turnarounds, marketing and business strategy. He now runs the 'Positive Action Club', a support network for business leaders and professionals in construction and other sectors.
I hope you enjoy the show.
Hosted on Acast. See acast.com/privacy for more information.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
In this episode, Stu interviews the inspirational Carly Thorpe, lawyer and Partner at Walker Morris where she is also a Diversity Champion and Mental Health First Aider. Carly was named a next-generation Partner by Legal 500. She is also a member of TESCA and The Adjudication Society.
In this episode, Carly shares her story of how sh got to where she is now and what motivates and inspires her.
We also discuss contracts how you can and must have a lawyer on your team, and how best to avoid disputes.
This episode is also a must-listen if you or someone you know, perhaps a son, daughter, nephew or niece is interested in going into the legal profession.
If you enjoy the episode please subscribe and leave a Rating and Review. 🙏🏽
Hosted on Acast. See acast.com/privacy for more information.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
This is why I started The Construction Cashflow podcast, in order to keep these issues at the forefront of people's minds when setting up and carrying out construction projects.
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In this episode, I interview Ricard Brackstone CEO of RBMC. Richard has many years of experience in the industry working on all sides of the fence, for clients, contractors and specialist subcontractors.
Richard is a highly accomplished business executive and entrepreneur, known for his expertise in corporate strategy, finance, risk management and leadership. As the founder and CEO of RBMC, Richard has built a reputation for creating innovative solutions and driving successful outcomes for his clients.
Hosted on Acast. See acast.com/privacy for more information.