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Dive into the intricate world of contract negotiations in the construction industry with Jacob Edmond and Chad Foster. This enlightening conversation sheds light on:

• Understanding Contracts:

• Chad Foster: "It's not just about the money. It's about understanding what you're agreeing to."

• Delve into the importance of comprehending every aspect of a contract, from monetary terms to potential risks.
• The Role of Attorneys:

• Chad Foster: "Bringing attorneys is not always the best thing... they're going to point out risk, everywhere."

• Discover the balance between involving legal counsel and expediting negotiations.
• Red Flags & Review Process:

• Chad Foster: "When is our completion time... I guess I'm drawing a blank now."

• Learn about the critical aspects to focus on during contract reviews and the evolution of the process.
• Industry's Changing Landscape:

• Chad Foster: "I see the age continue to get younger... Internships. Very critical."

• Explore the shift towards a younger demographic and the pivotal role of technology and training.
• Advice for Newbies:

• Chad Foster: "Talk through it internally... It's communication. It's one of the biggest things of success."

• Grasp the importance of internal discussions, understanding contracts, and seeking guidance.
• Embracing Change:

• Chad Foster: "The only constant we have in life is change."

• Reflect on the industry's evolution and the constants that remain.

Join Jacob and Chad for a deep dive into contract negotiations, offering valuable insights for professionals in the construction world.

Resources:

• Jacob Edmond: LinkedIn
• Chad Foster: LinkedIn

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