Maximizing Profit Margins through Client Collaboration in Construction

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This week, Wade Carpenter and Stephen Brown discuss the critical role of client collaboration in construction projects. The episode explores strategies for effective collaboration, from pre-project planning to managing supply chain challenges, labor shortages, and inflation.

Drawing insights from a recent report from Liberty Mutual and Dodge, they highlight how top contractors are navigating industry challenges by working closely with clients, subcontractors, and surety companies.

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Topics Wade and Stephen cover on this episode:

• 01:01 The Importance of Collaboration Culture
• 02:26 Technological and System Challenges
• 03:18 Impact of External Factors on Projects
• 04:33 Effective Risk Management Strategies
• 05:42 Contract Negotiations and Material Costs
• 07:19 Collaboration with Subcontractors
• 12:29 The Role of Technology in Collaboration
• 20:02 Collaboration with Surety Companies

LINKS

Visit the episode page at https://carpentercpas.com/collaboration for more details and a transcript of the show.

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

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1. Maximizing Profit Margins through Client Collaboration in Construction (00:00:00)

2. [Ad] Leadership Lessons From The Great Books (00:11:09)

3. (Cont.) Maximizing Profit Margins through Client Collaboration in Construction (00:11:57)