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This week, Wade Carpenter and Stephen Brown discuss the critical role of client collaboration in construction projects. The episode explores strategies for effective collaboration, from pre-project planning to managing supply chain challenges, labor shortages, and inflation.
Drawing insights from a recent report from Liberty Mutual and Dodge, they highlight how top contractors are navigating industry challenges by working closely with clients, subcontractors, and surety companies.
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
Topics Wade and Stephen cover on this episode:
- 01:01 The Importance of Collaboration Culture
- 02:26 Technological and System Challenges
- 03:18 Impact of External Factors on Projects
- 04:33 Effective Risk Management Strategies
- 05:42 Contract Negotiations and Material Costs
- 07:19 Collaboration with Subcontractors
- 12:29 The Role of Technology in Collaboration
- 20:02 Collaboration with Surety Companies
LINKS
Visit the episode page at https://carpentercpas.com/collaboration for more details and a transcript of the show.
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. Maximizing Profit Margins through Client Collaboration in Construction (00:00:00)
2. [Ad] Leadership Lessons From The Great Books (00:11:09)
3. (Cont.) Maximizing Profit Margins through Client Collaboration in Construction (00:11:57)
239 episodes
