Construction Cashflow Podcast

Chancellor's 55 Day Payment Rule

Fri, 08 Dec 2023 12:00:47 GMT

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- Welcome listeners to a new episode of The Construction Cashflow Podcast.

- Today, we're peeling back the layers of Chancellor Jeremy Hunt's Autumn Statement, focusing on the 55-day payment term for government contracts.

- Pose a thought-provoking question: “Is this just a 'wishy-washy' approach by the government, or a step towards real change in the construction industry?”

Key Themes:

1. The 55-Day Payment Rule: More Than Meets the Eye?

- Chancellor Hunt announces a new rule: Companies bidding for government projects over £5m must prove they pay invoices within 55 days.

- Discuss the potential impact of this rule on larger versus smaller contractors.

- Question the real effectiveness of this policy in addressing late payment issues.

2. The Reality of Cash Farming in Construction

- Highlight how some larger contractors might use extended payment terms strategically.

- Examine the fine line between managing investments and maintaining ethical payment practices.

- Reflect on the potential consequences for smaller businesses in the supply chain.

3. Invoice Dates Versus Contract Dates: A Critical Oversight?

- Delve into the discrepancy between focusing on invoice dates instead of actual contract dates.

- Explore how this focus might disadvantage smaller trades that rely on regular cash flow.

- Debate why the Chancellor’s statement might miss addressing this crucial aspect.

4. Navigating Late Payments: Strategies for Contractors

- Offer practical advice for contractors on how to safeguard against late payments.

- Discuss the importance of understanding contract terms and effective financial planning.

- Encourage contractors to proactively manage their invoicing and payment follow-ups.

5. Critique of the Chancellor's Statement:

- Challenge the limited scope of the 55-day rule and its effectiveness for smaller contracts.

- Question the lack of a more robust legislative approach to ensure fair payment practices.

- Criticise the statement for not covering contracts under £5m, potentially overlooking a significant part of the industry.

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Protecting Supplier Payments: Strategies to Get Paid on Time

Fri, 10 Nov 2023 12:00:45 GMT

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Episode Summary

In this episode, Stu Davidson discusses how specialist subcontractors and suppliers can protect themselves from late payments, retentions, and complex payment terms.

Stu recommends the following:

Do your due diligence on the main contractor or tier one that you're working for. Talk to other specialists to see if they get paid on time, check out the contractor's credit rating, and make sure you understand the payment terms.
Have your own terms and conditions in place. These should align with your values and business needs. Don't be afraid to negotiate with the main contractor on things like retention periods and payment terms.
Make sure you're submitting your applications correctly. This includes submitting them on time, to the right person, and in the correct format.
Keep good records. This will help you support your applications and make it easier for the main contractor's QS to assess them.
Late payments are still a major problem in the construction industry. 68% of payments are late, costing the industry £11.4 billion.
Specialist subcontractors and suppliers are often the most vulnerable to late payments.
There are a number of things that specialist subcontractors and suppliers can do to protect themselves from late payments.
Doing your due diligence on the main contractor, having your own terms and conditions in place, submitting your applications correctly, and keeping good records can all help to reduce the risk of late payments.
Using a PVA tracker can also be a helpful way to keep track of your progress and applications.

By following these tips, specialist subcontractors and suppliers can increase their chances of getting paid on time and protect their businesses from financial risk.

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Negotiating With Giants

Fri, 13 Oct 2023 10:50:52 GMT

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Episode Title: Vistry's 10% Cut: How to Negotiate as a Specialist Contractor

Host: Stu Davidson

Summary: Vistry's recent demand for a 10% cut from its suppliers has caused ripples in the construction industry. In this episode, Stu Davidson discusses how specialist contractors can negotiate effectively in response to this demand.

Key Points:

Stay calm and don't react impulsively.
Request a face-to-face discussion with Vistry.
Believe in yourself and understand your worth.
Know your numbers and set boundaries.
Consider consulting with experts.
Be prepared to walk away from the deal if necessary.

Additional Thoughts:

Don't be afraid to collaborate with other suppliers.
Be prepared to stand your ground and walk away if necessary.
Remember that you're not alone.

Episode Resources:

Previous episodes of The Construction Cashflow Podcast
Experts such as Yosof Yewing (episode 16), Sean Bradley (episode 17), Carly Thorpe (episode 26), Craig Alexander Rattray (episode 36), Paul McDevitt (episode 27), Tracey Westell (episode 41), and Joe Lynch (episode 32)

Call to Action:

Stand up for your rights and don't accept unfair demands from Vistry. Join the growing movement of suppliers who are fighting for a fairer deal.

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Maximize Your Construction Cash Flow

Fri, 06 Oct 2023 11:00:46 GMT

Constriction Cashflow is Sponsored by Know Your Numbers

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🎧 Don't Miss This Game-Changing Episode! Maximize Your Construction Cashflow with Credit Management Expert Tracey Westell! 🎧

Hey, all you hardworking construction professionals out there! Struggling with cash flow? Losing sleep over unpaid invoices? This is the episode you can't afford to miss. Stu Davidson is back with the Construction Cashflow Podcast, bringing you the kind of insider knowledge that could revolutionize your business.

Are you a subcontractor grappling with the influence of bigger contractors? Stu dives deep into this topic, cautioning you about the pitfalls of getting underpaid over time. Then enter Tracey Westell, the genius behind Pecunia, who started her journey in a local authority office and is now a go-to guru in credit management.

Imagine a world where you're not just asking for your payment but have an entire, well-knitted team and strategy to make sure the money lands in your account—on time, every time. Tracey takes us on a tour through the complex but highly rewarding world of credit management. Trust us, by the end of this episode, you'll be taking notes.

Considering taking on high-risk projects? Hold your horses! Stu's got a golden nugget for you—tender under a separate entity and protect your core business. This is the kind of practical, hands-on advice you'll only find on the Construction Cashflow Podcast.

But what about those contracts that look too good to be true? Both Stu and Tracey weigh in on why you should think twice before signing on that dotted line. Learn why it’s crucial to get those contracts translated into layman’s terms and why ignoring this step could cost you dearly.

Still wondering if you should listen? What if we told you that this episode not only covers how to protect your current cash flow but offers legally-backed ways to recover late payments? Yep, you read that right! Tracey unveils the power of the Late Payment Act and other tools to put you back in the driver’s seat of your finances.

So, go ahead, click that play button. Whether you’re a seasoned professional or just starting your journey in the construction industry, this episode is going to fill your toolkit with strategies for financial stability and success.

Join us for an episode that promises not just to inform but to transform your approach to business. Tracey even commits to sharing the podcast on her extensive network and contributing to Stu's upcoming eBook on industry top tips.

👷‍♀️👷‍♂️ Get ready to redefine your cashflow game, only on the Construction Cashflow Podcast with Stu Davidson! 👷‍♀️👷‍♂️

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A Master Class In Project Planning

Fri, 29 Sep 2023 11:00:24 GMT

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Hold onto your hard hats, construction aficionados! Welcome back to another riveting episode of The Construction Cashflow Podcast. I'm Stu Davidson, and today we're unlocking the vault of wisdom with a living legend—Dr. Raphael M Düa! This man's list of accolades could fill an entire skyscraper. 🏗️

Episode Highlights:

A Living Legend: Meet Dr. Raphael M Düa, the maestro of project management who has been in the trenches—quite literally—for over six decades.

From Punch Cards to AI: Journey through time as we explore the seismic shifts in computing and project management—from primitive punch cards to cutting-edge software.

Global Success: Travel with Dr. Düa to New Zealand, where he transformed the construction landscape with innovative IT solutions.

In the Weeds: Deep dive into critical project planning strategies. Ever heard of Bill of Materials or Work Breakdown Structures? You'll want to after this.

Micro Planner Magic: Learn why Dr. Düa swears by Micro Planner for managing the maze of construction complexities.

A Glimpse into the Future: Hold tight as Dr Düa lays out the roadmap for the next iteration of Micro Planner and even teases a future venture in algorithmic magic!

Dream Big: In an unexpected twist, Dr Düa reveals his personal aspiration—a global adventure with his kids.

Stu's Sage Advice:

UK Planning: Get my take on the project planning landscape in the UK.

Consult the Experts: Why ignoring skilled labour could be your downfall when estimating task duration.

Raf's Top Ten: Extracting golden nuggets from Dr Düa's vast repository of knowledge—ranging from technological evolutions to Agile pitfalls.

Closing Notes: We wrap up the session decoding the nuances of cash flow and scheduling—complete with logic diagrams and an insider look at project complexity.

Whether you're a newbie or a seasoned pro, this episode is your golden ticket to upscaling your knowledge and strategies in the construction industry. Tune in and elevate your game to skyscraper heights! 🎧👷‍♂️

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Constructions 'Lack' Mindset

Wed, 20 Sep 2023 09:56:52 GMT

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Episode Highlights: Rocky Lalvani and Stu Davidson

Unlock the secrets of money mindset and personal growth with Rocky Lalvani and Stu Davidson on the Construction Cashflow Podcast. Here are the key takeaways:

Rocky Lalvani's Insights:

1. Childhood Programming: Early experiences shape our money attitudes; recognize this for financial growth.

2. Awareness Matters: Reflect on your money behaviours and language; awareness is the first step to change.

3. 'Profit First' Mindset: Transform money management with 'Profit First,' bringing discipline and viability.

4. Behavioural Cash Management: Shift focus from emotions to math; use human behaviour to your advantage.

5. Profit as Habit: Prioritise profit; 'Profit First' means sales minus profit equals expenses.

Stu Davidson's Insights:

1. Avoid Low Margins: Prioritise high-margin projects and value; avoid racing to the bottom.

2. Success Beyond Money: Success means time freedom and pursuing passions.

Top Tip for Listeners: Differentiate yourself, build a premium reputation, and choose collaborators carefully.

Personal Growth and Routine: Start your day with reflection, exercise, and personal growth.

Adventure and Challenges: Inner exploration and conquering challenges define adventure. Overcome the fear of taking the first step.

Industry Practices and Productivity: Poor industry practices harm subcontractors. Efficiency and selective clients bring change. Rocky is most productive in the morning.

What's New and Surprising: Rocky works on marketing and hosts Q&A for "Profit Answer Man." Karate is his surprising passion.

Defining Success and Audience: Success is freedom. Implement 'Profit First' in the UK trades.

Advice to Younger Self: Take more chances and overcome limiting beliefs earlier.

Inspiration and Motivation: Inspiration comes from kids growing up and learning from business leaders. Make actionable business knowledge accessible to all.

This episode empowers you to transform your money mindset and embrace personal growth, leading to success on your terms. Join us on this journey of self-discovery and financial empowerment.

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Strong Women In Property

Fri, 15 Sep 2023 11:00:58 GMT

Constriction Cashflow is Sponsored by Know Your Numbers

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CLICK HERE TO START YOUR FINANCIAL TRANSFORMATION

In This Episode, I Interview Successful International Property Investor Jelena van Wieren

Episode Highlights: Jelena van Wieren and Stu Davidson

In a riveting episode of the Construction Cashflow Podcast, Jelena van Wieren and Stu Davidson share their profound insights on the construction industry, business, and personal growth. Here are the key takeaways from this inspiring conversation:

Jelena's Insights:

1. Fearless Preparation: Jelena's 20-year real estate journey is a testament to resilience. She stresses the importance of mental and emotional readiness in navigating the unpredictable property development field.

2. Unwavering Drive: Jelena's dedication to completing what she starts is the driving force behind her success. Her determination serves as an inspiration to all aspiring entrepreneurs.

3. The Power of Learning: Continuous self-improvement, a positive mindset, and achieving financial peace of mind are the cornerstones of Jelena's approach. These principles can guide anyone on their path to success.

4. Trust and Transparency: Jelena emphasizes the significance of trust, integrity, and open communication in professional relationships. Building strong partnerships is key to achieving success in the construction industry.

5. The Quest for Personal Growth: Success isn't limited to construction projects; it's about self-realization and personal growth. Jelena advocates for continuous personal development, even when you feel you don't need it.

Stu's Main Points:

1. The Cash Flow Conundrum: Stu Davidson highlights that construction cash flow is central to the podcast's theme. Factors such as health and safety, advertising, branding, and contract terms can significantly impact cash flow.

2. Delays Spell Trouble: Stu emphasizes that project delays often lead to cash flow problems in the construction industry. Being proactive in addressing delays is crucial.

3. Transparency Is Key: Stu advocates for open discussions about financial difficulties. Transparency can pave the way for collaborative solutions, benefiting all stakeholders.

4. The Importance of Clear Agreements: Stu appreciates the value of being clear about time and money from the beginning when entering into agreements. This clarity prevents misunderstandings down the road.

5. A Culture of Support: Cultivating a culture where individual problems are seen as collective issues, especially concerning financial matters, can mitigate and solve various challenges.

Top Tip for Listeners:

Stu Davidson's top tip for listeners is to always have a 'Locum' or substitute ready for key roles. This ensures project continuity, even if team members face personal or medical issues.

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Unveiling Contract Magic in Construction!

Wed, 16 Aug 2023 14:11:38 GMT

In this episode, Stu interviews the woman heading up the revolution in how we do contracts in construction.

🌟 Introducing the Expert: Join us as we welcome the phenomenal Sarah Fox on The Construction Cashflow Podcast! With over 25 years of industry mastery, Sarah's transforming contracts into pure financial magic.

📘 Book Wisdom: Discover Sarah's treasure trove of books, including "Consultant Appointments in 500 Words," "Subcontracts in 500 Words," "Small Works Contracts in 500 Words," and "Collateral Warranties in 500 Words." These blueprints redefine clarity in contracts.

✨ Contract Clarity: Imagine contracts that are straightforward, intuitive, and hassle-free. Sarah's expertise turns complexities into confident agreements, making contracts a breeze.

💡 Expert Tips: Dive into Sarah's pool of wisdom at 500words.co.uk, and explore her monthly contract tips. Nuggets of advice that can revolutionise your approach to contracts!

🏢 Building Success: Sarah's revolutionising the construction game for developers, contractors, and everyone in between. Unleash the power of cash flow with her insights.

🎧 Tune In: Ready to reshape how you view contracts? Tune in now to The Construction Cashflow Podcast and immerse yourself in the magic of clear contracts and empowered cash flow.

#ConstructionMagic #ContractClarity #CashflowSuccess #IndustryInnovator

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Know Your Numbers

Fri, 11 Aug 2023 10:30:04 GMT

Hey there, construction industry enthusiasts! Get ready to dive into the world of financial mastery tailored specifically for our dynamic field. Welcome back to another exciting episode of the "Construction Cashflow Podcast." I'm your host, Stu Davidson, and today, we've got something truly special in store for you.

Ever felt like your construction business is on the brink of something great, but navigating the financial landscape feels like deciphering ancient hieroglyphics? Well, hold onto your hard hats, because I've got just the expert to guide you through the maze.

Joining us today is none other than the financial sage himself, Craig Alexander Rattray. Craig is the go-to guru for forward-thinking, entrepreneurial business owners who are ready to take their construction ventures to the next level. He's the man with the plan when it comes to developing and implementing rock-solid financial strategies that provide unparalleled visibility, clarity, and certainty.

You know, in construction, it's not just about bricks and mortar – it's about building a sustainable, thriving business. And that's where Craig works his magic. With his guidance, you'll not only regain control of your financial landscape, but you'll also gain the tools to understand where you are, where you've been, and, most importantly, where you're headed in this ever-evolving industry. 🏗️🔍

But here's where it gets even better: Craig's expertise isn't just about numbers on a spreadsheet. He's all about boosting your profitability, smoothing out your cash flow, and ramping up your shareholder value. In the construction world, those are the game-changers that can turn a good business into an industry powerhouse. 📈💰

And guess what? With Craig's guidance, those complex financial statements won't be a mystery anymore. You'll not only know your numbers like the back of your hand, but you'll also understand how they weave into the very fabric of your construction enterprise.

Oh, and speaking of results – Craig doesn't just promise them, he delivers. He's got an impressive track record of transforming construction businesses into success stories that inspire and impress.

Got questions? Eager to learn more? Connect with Craig directly at craig@crcorporatesolutions.co.uk. or go to https://knowyournumbers.biz Your journey to financial mastery in the construction industry begins now!

So, grab those blueprints, put on your safety gear, and get ready to level up your construction business's financial game with insights straight from the source – right here on the "Construction Cashflow Podcast."

Stay tuned, stay inspired, and as always, keep building! 🛠️🏢

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Stu Interviews Chris Barber

Fri, 14 Jul 2023 14:03:46 GMT

In this episode, Stu interviews Chris Barber founder of C-Link and Prosper. Digital supply chain management and procurement.

Chris also has many years of experience as QS for main contractors and subcontractors.

Chris recently raised a petition to make project bank accounts mandatory in the UK - you can view the petition by following this link https://weallprosper.co.uk/petition/make-PBAs-mandatory/

We'll be discussing the petition along with payments, cash flow, supply chains and procurement.

You can join the live chat by going to https://constructioncashflow.locals.com/

Mission

The Construction Cashflow Podcast is a must-listen for anyone who wants to improve their cash flow in the construction industry. The podcast's hosts, Stu and guests, share inspiring stories from individuals working in the construction industry, breaking down the supply networks and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, they aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all.

The podcast's vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply networks and imparting wisdom to drive success. They strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.

The podcast's mission is to inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply networks to achieve financial success and care for the well-being of their employees and communities.

If you're looking for practical advice on how to improve your cash flow in the construction industry, or if you're simply inspired by stories of success from others in the industry, then you need to listen to the Construction Cashflow Podcast.

Here are some specific benefits of listening to the Construction Cashflow Podcast:

You'll learn from the experiences of other construction professionals who have faced similar challenges and overcome them.
You'll get practical advice on how to improve your cash flow, from budgeting and forecasting to managing contracts and collecting payments.
You'll be inspired by stories of success from others in the industry and learn how to apply their strategies to your business.
You'll get to know the people shaping the construction industry’s future, and you'll be able to network with them.

If you're serious about improving your cash flow in the construction industry, then you need to listen to the Construction Cashflow Podcast. It's the best way to learn from the experts and get the information you need to succeed.

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Stu Discusses Cashflow

Fri, 30 Jun 2023 11:04:08 GMT

Construction Cashflow Friday

This week I'll be discussing:

Something undiscussed in the construction industry that causes slow payments, disputes, and delays.

Cash farming is the root cause of slow payments and cash flow problems in construction projects.

Main contractors use cash flow to make investments in land and property, leading to cash flow issues for suppliers and developers.

The problem this poses for main contractors and what they can do to avoid the pitfalls.

Proposing a solution: suppliers and developers becoming equitable partners in the main contractor's investment.

Mission

Here are some specific benefits of listening to the Construction Cashflow Podcast:

You'll learn from the experiences of other construction professionals who have faced similar challenges and overcome them.
You'll get practical advice on how to improve your cash flow, from budgeting and forecasting to managing contracts and collecting payments.
You'll be inspired by stories of success from others in the industry and learn how to apply their strategies to your business.
You'll get to know the people shaping the construction industry’s future, and you'll be able to network with them.

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Construction Wisdom From Twenty Experts

Fri, 16 Jun 2023 11:00:10 GMT

Welcome to this special edition of Construction Cashflow. I'm Stu Davidson, and in this episode, I've compiled quotes, notes, and anecdotes from my guests from the last twenty episodes.

We'll cover cash flow, procurement, contracts, mental health, and much more.

I know that running a construction business can be challenging. There are many things to consider, and it can be easy to feel overwhelmed. But I want you to know that you're not alone. There are resources available to help you succeed.

That's why I created this community. I want to create a space where we can come together and support each other. Where we can learn from each other and grow together.

So to join the community, join the conversation, join the live chat, and support our mission, go to constructioncashflow.locals.com.

I hope you enjoy this episode. If you do, please subscribe, leave a rating, and share it with your friends. And if you're looking for more resources, be sure to join the live chat at constructioncashflow.locals.com Thanks for listening, and I'll see you next time.

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Stu Interviews Joe Lynch

Fri, 09 Jun 2023 11:00:54 GMT

In this episode, it is my pleasure to introduce you to Joe Lynch. Joe is a seasoned professional from the leisure travel industry.

Joe's expertise in marketing, business development, e-commerce, and data analytics translates directly into optimising cash flow and profitability in the construction industry. As the owner of Joe Lynch Consulting, he has a track record of helping organisations unlock their full potential and achieve sustainable growth.

Joe’s expertise also includes CRM systems, evaluating and enhancing product and service ranges, and leveraging digital marketing techniques relevant to driving cash flow in construction. These strategies are invaluable for industry professionals, business owners, and aspiring entrepreneurs. Join us as I explore with Joe his insights for financial success, from proven strategies from the leisure travel industry and how these can be adapted to revolutionise your construction business. Get ready to elevate your construction cash flow game with Joe Lynch.

The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.

Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.

Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.

There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.

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Stu Interviews Gavin Coyle

Fri, 26 May 2023 12:00:28 GMT

In this episode, it’s my pleasure to introduce you to Gavin Coyle, Gavin is a renowned expert in evolving health and safety culture for business growth. With over 25 years of industry experience, Gavin is the founder and CEO of a global health and safety practice. As a sought-after speaker, mentor and author of the book "Workplace Safety on a Budget." he'll show you how to prioritise worker well-being while scaling your business. Get ready to unlock affordable solutions for workplace safety, protect your employees, and safeguard your bottom line. Join us now as we dive into practical strategies with Gavin Coyle.

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Stu Interviews Billy Stein

Fri, 19 May 2023 12:00:52 GMT

In this episode, it’s my pleasure to introduce you to Billy Stein

Billy is a remarkable entrepreneur in the construction industry who has faced a multitude of challenges throughout his journey.

Despite these obstacles, Billy has emerged stronger, more determined, and more successful than ever before.

Billy shares his experiences of dealing with difficult contractors, getting paid on time, and facing labour and resource issues, while also discussing his personal growth.

He emphasises the importance of collaboration and facing challenges head-on, leading him to achieve remarkable success in his business.

Despite experiencing setbacks such as losing his business due to a main contractor going bust, Billy overcame his alcohol addiction to start again from scratch. In just five years, he grew his business from zero to £9m, a remarkable achievement that demonstrates his dedication and resilience.

Billy's story is one of perseverance, determination, and personal growth, inspiring us all to overcome adversity and achieve success.

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Stu Interviews Jemma Fairclough-Haynes

Fri, 12 May 2023 12:00:21 GMT

In this episode, Jemma Fairclough-Haynes shares her story of how she got to where she is today and what inspires and motivates her.

We'll be discussing employment law and in particular considerations around self-employed sub-constractors and why you should ensure you have the right contracts in place.

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Stu Interviews Rob Hubbard

Fri, 05 May 2023 12:00:48 GMT

In this episode, Rob will share his story of how he got to where he is now and what inspires and motivates him.

We'll discuss why you should keep a copy of the contract on your desk and flick through it daily. And on a deeper level, understanding the difference between defined costs and cost plus under the NEC contract is critical.

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Stu Interviews Paul McDevitt

Fri, 28 Apr 2023 12:00:48 GMT

In this episode, Stu interviews Paul McDevitt, where Paul shares his story of how he got to where he is now and what inspires and motivates him.

We also discuss business strategy and the importance of understanding your value and doing your due diligence on your client. Paul started out in economics and finance but soon switched to construction where he held many senior positions including Regional Marketing Manager for Mansell back in the day. Paul went on to become an expert in business turnarounds, marketing and business strategy. He now runs the 'Positive Action Club', a support network for business leaders and professionals in construction and other sectors.

I hope you enjoy the show.

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Stu Interviews Carly Thorpe

Fri, 21 Apr 2023 12:00:21 GMT

In this episode, Stu interviews the inspirational Carly Thorpe, lawyer and Partner at Walker Morris where she is also a Diversity Champion and Mental Health First Aider. Carly was named a next-generation Partner by Legal 500. She is also a member of TESCA and The Adjudication Society.

In this episode, Carly shares her story of how sh got to where she is now and what motivates and inspires her.

We also discuss contracts how you can and must have a lawyer on your team, and how best to avoid disputes.

This episode is also a must-listen if you or someone you know, perhaps a son, daughter, nephew or niece is interested in going into the legal profession.

If you enjoy the episode please subscribe and leave a Rating and Review. 🙏🏽

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Stu Interviews Richard Brackstone

Fri, 14 Apr 2023 12:00:02 GMT

This is why I started The Construction Cashflow podcast, in order to keep these issues at the forefront of people's minds when setting up and carrying out construction projects.

In this episode, I interview Ricard Brackstone CEO of RBMC. Richard has many years of experience in the industry working on all sides of the fence, for clients, contractors and specialist subcontractors.

Richard is a highly accomplished business executive and entrepreneur, known for his expertise in corporate strategy, finance, risk management and leadership. As the founder and CEO of RBMC, Richard has built a reputation for creating innovative solutions and driving successful outcomes for his clients.

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Stu Interviews Dave Forde

Fri, 07 Apr 2023 12:00:25 GMT

This is why I started The Construction Cashflow podcast, in order to keep these issues at the forefront of people's minds when setting up and carrying out construction projects.

As a result of the competitive nature of holding the cash in construction, it is my belief that construction punches well below its weight in wealth creation for the wider economy, families and communities.

In this episode, I explore raw grassroots attitudes toward subcontractor payments and health and safety with Dave Forde who, having had over 40 years in the industry working on some of the largest infrastructure projects in Europe, Dave tells it like it is!

Dave has his own property development business and is a member of The Association for Project Management, a Member of the CIOB and the Institution of Engineering Technology.

He has worked on notable projects such as Cross Rail, The Jubilee Line Extension, The Gerkin, The Shard, and Heron Tower. Dave is currently the Senior Authorised Person on HS2 for Electrical Safety.

Dave also shares his story, of how he got to where he is today, along with what inspires and motivates him.

Enjoy the Podcast.

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Stu Interviews Mary Gregory

Fri, 31 Mar 2023 12:00:00 GMT

This is why I started The Construction Cashflow podcast, in order to keep these issues at the forefront of people's minds when setting up and carrying out construction projects.

In this episode, I explore with the author of the book 'Ego' Mary Gregory how ego plays out in leadership and how this leads to tension, stress and entrenchment when it comes to collaborative leadership and confidence around formulating positive cash flows for the whole of the construction supply chain.

Mary is a leadership coach, author and public speaker. Having experience in other industries as well as construction, she offers some interesting insights into how we might improve the culture within the industry by improving its leadership.

Mary also shares, here the story of how she got to where she is today along with what inspires and motivates her.

I hope you'll enjoy the journey.

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Stu Interviews Jessen James

Fri, 24 Mar 2023 13:00:07 GMT

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

Welcome to Episode 11 of Construction Cashflow where I interview Jessen James.

Jessen started out as a psychiatric nurse and took his department to a multi-million turnover, he has always had a flair for entrepreneurship.

Now an international motivational speaker, Jessen owns multiple businesses as well as coaching and mentoring on public speaking, business and mindset

He has mentored and coached construction business owners and professionals on, finding their value, moreover pricing on value rather than selling their time for money. Together with how to look after your mind and body.

In this episode we discuss, how loving yourself, sticking to your values and selling on value rather than getting involved with a 'race to the bottom' will protect your peace of mind and better protect yours and your family's financial future.

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Stu Interviews Pooran Desai OBE

Fri, 17 Mar 2023 13:00:00 GMT

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

Welcome to Episode 10 of Construction Cashflow where I interview Pooran Desai OBE.

In this episode, we discuss climate change, the effect on global supply chains and what we as individuals and as an industry must do now in light of imminent climate shocks

Pooran is an environmentalist, working in sustainability for over three decades. In 1994, he co-founded one of the World’s first sustainability organisations, Bioregional which is responsible for setting-up enterprises in sustainable forestry, organic farming, recycling and real estate development.

Pooran assembled a wealth of environmental and sustainable talent to create the UK’s first large-scale, mixed-use sustainable community, BedZED, which was completed in 2002.

The development won numerous awards including RIBA Housing Design Award for sustainability, the Evening StandardNew Homes Awards, the World Habitat Awards finalist and the Energy Glove Award as the foremost example of sustainable energy in building and housing.

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Stu Interviews Nishant Singh

Fri, 10 Mar 2023 13:00:37 GMT

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

Welcome to Episode 9 of Construction Cashflow where I interview Nishant Singh.

Nishant is a serial entrepreneur and problem solver. He has established and profitably exited from multiple construction supply chain Companies. He has experienced first-hand the problems faced by the construction supply chain due to the slow cash flow and payment culture in construction.

In this episode, we discuss the benefits of direct developer payments throughout the supply chain.

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Stu Interviews Len Bunton & David Macdonald

Fri, 03 Mar 2023 13:00:23 GMT

Construction cash flow has been a major problem for over 400 years and it hasn't changed much since the construction of St. Paul's Cathedral when it borrowed funds from St Peter's; it's where the saying "Robbing Peter to Pay Paul" comes from.

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

You can find out more about my work and follow up with any of my guests by clicking here

Welcome to Episode 8 of Construction Cashflow where I interview Len Bunton and David Macdonald.

In this episode, we examine the results of the Cashflow and Payments Survey carried out by the Construction Industry Collective Voice (CICV) and the corresponding Best Practice Guide produced by the CICV.

Len Bunton has over 40 years of experience in the industry, former Chairman of the Scottish Building Committee, Len is an Adjudicator and has his own Dispute Resolution Consultancy.

David Macdonald former Managing Director of BAM FM and Strategy Director at Turner and Townsend, is now the National Programme Director for the Scottish Futures Trust overseeing the implementation of the hub programme spread across 5 territories in Scotland.

Both David and Len are consultants to the CICV

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Stu Interviews Subash Tavares

Fri, 24 Feb 2023 12:00:49 GMT

Construction cash flow has been a major problem for over 400 years and it hasn't changed much since the construction of St. Paul's Cathedral when it borrowed funds from St Peter's. It's where the saying "Robbing Peter to Pay Paul" comes from.

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

You can find out more about my work by clicking here

Welcome to Episode 7 of Construction Cashflow where I interview Subash Tavares.

Subash is recognised for his strong relationship-building skills, he has a proven record of leading large multinational and national teams to success.

Originally from a civil engineering background has many years of experience delivering large infrastructure projects including the #Olympics through #changemanagment and #projectmanagment

Subash can be contacted by clicking here

In this #episode we discuss strategic cash flow on large infrastructure #projects.

Get to know Subash as he shares his story along with what motivates and inspires him.

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Stu Interviews Sean Bradley

Fri, 17 Feb 2023 13:00:12 GMT

Construction cash flow has been a major problem for over 400 years and it hasn't changed much since the construction of St. Paul's Cathedral when it borrowed funds from St Peter's. Its where the saying "Robbing Peter to Pay Paul" comes from.

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

Welcome to Episode 6 of Construction Cashflow where I interview Sean Bradley.

Sean has many years of experience in construction as an Adjudicator, Mediator, Conciliator and Expert Witness. Previously he has held prominent positions as a Civil Engineer, Quantity Surveyor and Project Manager.

In this episode, Sean shares his story and what motivates and inspires him, together with sound advice on payment disputes and dispute resolution.

This is a 'must-listen' if you are a contractor or subcontractor in construction.

For more information on Sean's work visit:

https://seanbradleyconsultancy.co.uk/

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Stu Interviews Peter Searle

Fri, 10 Feb 2023 12:00:05 GMT

Construction cash flow has been a major problem for over 400 years and it hasn't changed much since the construction of St. Paul's Cathedral when it borrowed funds from St Peter's. Its where the saying "Robbing Peter to Pay Paul" comes from.

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

Welcome to Episode 5 of Construction Cashflow where I interview Peter Searle.

Peter is one of the most experienced construction professionals around; Former Regional Direct of Kier he steered the business to develop a new client base via national frameworks, leading the way for ten years of new growth.

Peter has also been a judge for the Construction Manager of the Year award for the over £100m project category.

He is currently Chair of the Professional Membership Review Panel for the CIOB and has his own Management Consultancy practice.

In this episode, Peter shares his intriguing story, his journey on how he got to where he is now, what led him to focus on helping small construction businesses and why he has come to focus on the importance of record keeping, milestone payments, scalability, and profitability and how these are inextricably linked.

He will introduce his new App 'Planned v Actual (PvA)' and how his years of experience have gone into this app, which protects subcontractor profits, is an adjudicator's delight and is simple to use.

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Stu Interviews Yosof Ewing

Fri, 03 Feb 2023 14:55:50 GMT

Construction cash flow has been a major problem for over 400 years and it hasn't changed much since the construction of St. Paul's Cathedral when it borrowed funds from St Peter's. Its where the saying "Robbing Peter to Pay Paul" comes from.

I understand the damage caused by slow payments and am here to help. My podcast features motivational and knowledgeable guests who have experienced this problem and are here to help you take action.

Welcome to Episode 4 of Construction Cashflow where I interview Yosof Ewing.

Yosof has over 30 years in the industry, he has expertise in the construction, large infrastructure, civil engineering and energy industries in the UK and Internationally. He is an Expert Witness, Mediator, Adjudication Party Representative, Project Manager and Chartered Institute of Civil Engineering Surveyors member.

He particularly specialises in coaching Specialist Contractors on writing their contract terms and conditions, reviewing parent contracts with Employers and contractors, and protecting their profits from unfavourable contract terms.

In this episode, Yosof shares his expertise and his own inspirational personal journey.

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Stu Interviews Richard Stone

Fri, 27 Jan 2023 14:55:34 GMT

Welcome to Episode 3 of the new season of Construction Cashflow.

In this episode, I interview construction project manager, public speaker, mentor and coach Richard Stone.

Richard has over 30 years of experience in the industry and also runs a course on project management and compliance.

As well as knowing how to set up a project for success, Richard is very attuned to the human and mental health issues prevalent within the industry.

If you want to learn more and find those golden nuggets of information, to not only keep safe but protect your profit and your mental health, then this episode will be a must-listen.

If you'd like to find out more, here's how you can reach out to Richard:

https://linktr.ee/richardstone

https://richardmstone.co.uk/about-richard/

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Stu Interviews Penny Power OBE

Fri, 20 Jan 2023 15:00:30 GMT

The Construction Cashflow Podcast - New Episode With Penny Power OBE

Cashflow in construction, or in any business for that matter, is not just about finances it has very human consequences.

Slow cash flow in construction affects small businesses, especially subcontractor and supplier business owners and their families.

In this episode I interview Penny Power OBE, Public Speaker, Author of Business Is Personal, and Founder of Ecademy and The BIP 100 Club.

Penny will be revealing how she recovered from setbacks and trauma in both her business and personal life, how one's self-identity and truth are linked, the need for business communities to be personal first, building a business that aligns with your values and much more.

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Stu Interviews Kevin Wright

Wed, 10 Jun 2020 17:30:00 GMT

Kevin is an expert on structured finance in the field of property investing.

He runs coaching and mentoring courses on finance strategies and is a renowned coach and mentor.

Kevin bought his first buy-to-let property back in 1983 and has many years of experience in property development and financing.

Kevin runs ‘The Ninja Investor Programme’ and ‘Recycle Your Cash’ Mastermind which helps property investors buy like cash buyers using creative financing strategies - and much much more!

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Construction Cashflow With Stu Davidson

Thu, 21 May 2020 16:16:49 GMT

Stuart discusses some of the key risks and opportunity facing Developers and Property Developers as we start to come out of the Lockdown due to COVID 19

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Welcome to the Construction S.T.A.R.T.E.R

Tue, 05 May 2020 18:04:58 GMT

The ‘Lockdown' is NOW adversely affecting businesses and the wider economy!
There is a national/global slowdown in cashflow!
I’m sure many have been thinking about how their businesses will get through this!
Yet there will be new opportunities when we come off this!
Are you ready to Restart?
Are you business owner or a professional freelancer
I’ve put together this short 7 videos, which I’ve called ‘The Construction S.T.A.R.T.E.R’
to help you to:

Get Ready to Get Going

The Construction S.T.A.R.T.E.R

S-Sales
T-Training
A-Agreements
R-Remuneration
T-Transformation
E-Essence
R-Results

At the end of this series you will have ideas for, further development, on how to plan your way forward so that you will not only survive, but thrive in the brave new world of beyond COVID19.

For more information go to https://bit.ly/cash_starter

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Stu Discusses The Role of the Quantity Surveyor

Sat, 25 Apr 2020 06:11:33 GMT

The Vision:

Our vision is to transform the construction industry by gathering and sharing inspiring stories, supporting supply chains, and imparting wisdom to drive success. We strive to improve cash flow, create regenerative communities for people and the planet, and foster a sustainable future for the industry.

The Mission: To inspire and motivate a culture of cashflow efficiency through the collective voice of those involved in the industry and to offer guidance and innovative solutions to empower construction supply chains to achieve financial success and care for the well-being of their employees and communities

Find out how you can become a "Supporter' and to Join the Construction Cashflow Live Chat head over to the Construction Cashflow Community

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Outsourcing for Scaling Your Business.

Tue, 21 Apr 2020 18:23:27 GMT

In this episode I talk about how the outsourcing model has helped me scale my business

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Stu Interviews Peter Tosland

Sat, 18 Apr 2020 06:51:46 GMT

With over 30 year's experience in infrastructure commercial roles and many of those years in senior roles the basics of doing the clever commercial 'stuff' should now be a given; it now gives me a sound base to approach some bigger issues that the industry faces when attempting to deliver contracts:

• I want to see the industry moving into a truly collaborative environment that uses the contract for good and win-win and importantly not used for ‘playing not to lose’.

• I also want the industry to move from ‘problem solving and reactive’ to a more ‘creative and innovative’ and thus proactive environment.

• I am absolutely passionate about bringing youngsters through; be it Graduates or Apprentices and am always looking at ways to do this.

It is the responsibility of the experienced industry leaders to approach these issues as it actually makes our job easier!

Me personally, I am an enthusiastic, tenacious and passionate hands on leader that to maximise results practices relationship building in all areas of role, from clients to supply chain to people, to this end I believe greatly in behavioural management and actively use this day to day.

Recent roles/achievements:

- In the last year transforming the Murphy commercial team into a professional and expert functional support unit for the business.

- A member of the circa £300m p.a. Southern Region Board reporting directly to the Executive Board.

- Over the last 5 years leading and managing the commercial aspect of a business unit and also being a business leader.

- Commercial and finance lead on the Highways England £1bn Huntingdon to Cambridge Road Improvement Scheme, a JV between 4 of the industries major contractors, requiring collaborative and behavioural techniques to bring the companies together.

- Bid lead for the Highways England £5bn Collaborative Delivery Framework; coming in first on a bid that was heavy on its behavioural assessment / scoring.

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Stu Interviews Mark Austin

Fri, 10 Apr 2020 16:08:14 GMT

Mark Austin is the founder of Austin Wright Ltd, who aim to ‘Manage change effectively’ to provide their customers with ‘the change management process of choice’.

Following a career of over 25 years as a senior leader in the construction industry, his passion for improving and transforming the industry culminated in the establishment of Austin Wright Ltd.

Mark’s talk will discuss his process for innovation and how he helps his customers implement change with a people-first, technology second approach.

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Stu Interviews Richard Stone

Fri, 13 Mar 2020 14:23:54 GMT

Born in Birmingham in late Seventies Father was a QS and is now part time consultant, mother was an AAT Accounts Manager before she retired.

Since Birmingham I’ve led a rather nomadic lifestyle with work & careers, spending 5 years in Bristol, and then moving to Buckinghamshire before then moving to Hertfordshire & then Bedfordshire where I’m now very settled indeed.

My first job 11 washing up and bottling up in a local pub and I loved every minute.

As a young lad I also did labouring for a scaffolder, roofer, landscaper, several paper rounds, mucking out at stables, car washing and hay baling and domestic painting & decorating in the summer months all of which I loved as I’ve always had a strong work ethic and I could create value, and it also gave me connection to people I didn't get at school.

Left school at 16 did some time with John Laing’s before leaving.

I then worked on tools for several years as a fencing subcontractor with a small but tight team and also did my ONC in Building Studies at Luton College on self-funded day release which was tough, but I made some friends for life and learnt much. I then got job at Site Manager at TH Kenyon and rose to Operations Manager over a period of 8 years but resigned after an MBO failed. I also got divorced during this time

Was head hunted by a FCIMA Venture Capitalist to run a small £3mpa T/O business in London doing Block management and some social housing major projects which he’d purchased along with many other construction based business, which we turned into a great success until the banking sector fell out of love with Construction and caused it to fail through poor relationship management and aggressive accounting practices.

I then worked at a few different organisations, had some amazing times, made some amazing connections, mentored some very talented young team members and uncovered some very “interesting” goings on but never truly felt at home.

Then the Chairman of T H Kenyon invited me back in 2015 initially freelance to resolve some problem projects that they had on site and also procure some others which we went on to be nominated awards for. He then offered a Directorship which I accepted and again looked at MBO but following a large “Clash of values” I resigned after 2 ½ years

I was approached by the MD to join MCP Property Services but it became apparent my style and there’s differed, so I resigned and set up STONE Contracts 14 months ago to focus solely on Block Management Major Works Contracts, and the rest as they say is history.

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Stu Interviews Nishant Singh

Fri, 28 Feb 2020 17:30:00 GMT

In this episode, I discuss transparent cashflow systems with Nishant Singh, Co-founder of Transper.

Transper is a cashflow and payments tracking system successfully used in managing supply chain cashflow in other industries. Transper is now being introduced into property development and construction. Developers, MC's and Subcontractors pay digital promises down the line - no cash needed! intrigued - listen in!

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Stu Interviews Lyn Man

Fri, 21 Feb 2020 17:30:00 GMT

Interview with Lyn Man of earthAconter

Lyn spent over 20 years working in business as a certified management accountant and is a certified professional coach. She founded earthAconter in 2018 with the purpose of changing how business owners engage with their business and its finances so they can make a bigger impact in the world.

earthAconter was born after Lyn read about small business failure rates and that the main causes of them were cashflow and the lack of a plan. It made her realise that by bringing her accounting and coaching skills together she could help business owners understand what their business and its finances were telling them - having seen first hand how engagement with money, numbers and financial information could impact a business.

As one client shared while working with Lyn; ‘It helps me focus and make conscious decisions about my business instead of just reacting, which is what I have previously done.’

Lyn’s aim is to help ensure businesses thrive and make an impact – because Every Business Counts.

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Stu Interviews Arunav (Arnie) Mokkapati.

Fri, 14 Feb 2020 17:42:41 GMT

Arnie and Stuart talk about their Journey as to how they started working together from across the globe. They discuss how the business has focussed on quality management and staff.

They discuss how the business is aligning to support clients with their cashflow challenges and reveal some nee promotions and bonuses

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Cashflow in Construction Podcast Intro Episode

Thu, 06 Feb 2020 14:17:56 GMT

In this episode, Stuart gives a small intro to his brand new podcast

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