Setting Explicit Limits in Contracts
11:54
24:37
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At 11:54 in
Keynote Speech-Your mouth makes you your money part 4 4 k video
What happens here
Genadek shares a pivotal experience where a customer demanded a retaining wall be built to an unspecified extent, leading to conflict when he tried to charge for extra work. This taught him the importance of explicitly stating limits in contracts. He now specifies a maximum square footage for projects, with anything beyond that incurring an additional charge. This approach protects the contractor and ensures clarity for the client, avoiding misunderstandings and disputes, even when offering a lump-sum bid.
Goal: Implement clear contractual limits to protect the business.
What they say
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What they say
(1,278 characters)Auto-generated from the video audio.