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Setting Explicit Limits in Contracts

11:54
24:37
5.7K views

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.

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doing that one day there's will they don't have to be tied up did a piece of equipment with another company and split it that is just a matter of job costing or who's gets the equipment you just got to have a good relationship with them it's a great way to lessen the expense I got Adam I gotta get right so about if I'm not having as good of the year I'm not gonna spend money that they don't have to spend but I will lease a piece of equipment I'm you guys miss some of you guys know I bought a sled I've bought a payloader right I didn't need a payloader I didn't need it but it wasn't gonna give it to the government so I bought a payloader right and I I've worked it I know it's literally been parked for seven eight months but I figure that I'm I'm still money ahead and just running it over the winter time and the tax savings then given literally it was sixty eight thousand dollar paler so I would have had to give 20-some thousand dollars in money to the government no far as I'm concerned so Adam even started to get into and I've recently I've had customers ask I said I have a three thousand dollar allowance I'm obviously clueless referring to oh I like this question I want you to start to frame your proposals the way that you're the most comfortable with you're

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