Contract Amendments and Changes - A Hidden Minefield?
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Description
In episode 57 of The Subcontractors Blueprint podcast, Jacob Austin of QS.Zone discusses the critical topic of change orders in subcontracting, focusing on the JCT 2016 design and build contract. Jacob emphasises the importance of understanding contract terms, particularly the procedures for submitting claims for additional time or money due to project changes. He highlights potential challenges subcontractors may face and offers practical advice on managing changes effectively. Key pointers include understanding the contract you’re working under, to know your entitlements, change procedures, documentation required, to successfully lodge a change. Jacob encourages subcontractors to be proactive and well-informed to secure their entitlements and protect their businesses. KEY TAKEAWAYS:  Procedures and requirements for submitting claims for additional time or money.  Challenges subcontractors face in navigating contract terms.  Importance of reading and comprehending subcontract agreements and particularly the amendments to standard terms.  Assessment of the impact of changes on project costs and timelines.  Significance of documentation and evidence to support claims. BEST MOMENTS: "The consequences of not submitting that claim or submitting the notice are that you then forgo any entitlement to that extra time or money." "How many times within 30 days have you got all of that information? How many times do you know what the full effects of that delay are going to be?" "I wonder how many of you out there have fully read and digested the change clauses in your subcontract, and understood what you have to do to get your hands on the extra money that you might be entitled to." "A picture paints a thousand words. And if you think about that in how many thousands of pounds you'd have to pay a lawyer to write a thousand words, a picture is worth a small fortune." Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on. HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories. LinkedIn - www.linkedin.com/in/jacob-austin/ Instagram - www.instagram.com/qs.zone/ www.qs.zone/all-links
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