How To Negotiate A Contract

Negotiating contracts can be tricky but don't give up so easily! It's definitely possible to create a win-win situation for everyone. Learn effective techniques and best practices for how to negotiate a contract in this video! Blog Post: https://elevateconstructionist.com/ho... Canva Graphic: https://www.canva.com/design/DAGA0IE5... Access The Negotitation Sheet Here: https://www.blackswanltd.com/download... Read Never Split The Difference book: https://a.co/d/7Zt5Bpp Key Tips & Best Practices When Negotiating A Contract In Construction: 1. Understand project requirements 2. Identify key priorities— what do you want out of this negotiation? 3. Do your due diligence about the other party— their track record, intentions, circumstances that might affect their decision, etc. 4. Seek legal advice when needed 5. Establish open communication 6. Negotiate comprehensive terms— including scope of work, payment terms, change orders, warranties, insurance requirements, indemnification, and dispute resolution procedures 7. Define the scope of work clearly 8. Address risk allocation carefully 9. Negotiate price and payment terms in the contract 10. Document all agreements in writing 11. Plan for dispute resolution 12. Maintain positive relationships throughout with your contractors 13. Have inclusions & exclusions printed out or on a tablet 14. Always know your contract 15. Don't automatically head into a fight 16. Always reach out for help if you need to Watch And Enjoy! Jason Schroeder Key Moments In This Episode ======================== 00:00 Intro & Summary 00:22 Important Reminder When Negotiating Contracts 01:13 Where I Learned Effective Negotiation Techniques 02:16 Importance Of Emotional Intelligence 03:01 Importance Of Active Listening 03:36 How To Build Rapport Through Mirroring 04:39 How To Communicate Effectively With Labeling 05:25 How To Use FBI Negotiation Techniques 05:51 How To Ask Calibrated Questions 06:21 How To Find Negotiation Leverage 07:19 What To Never Do When Negotiating 07:45 Helpful Resources To Prepare For Negotiation 08:43 Tips & Tricks To Negotiate A Contract In Construction 12:17 Learn More With These Resources What To Watch Next ======================== What Is A Time And Materials Contract?    • What Is A Time And Materials Contract?   Resources ======================== Check out our website for more info: https://www.elevateconstructionist.com/ Access resources to elevate your operations: https://www.elevateconstructionist.co... Listen to the Elevate Construction podcast: https://www.elevateconstructionist.co... Check out our training programs and certifications: https://www.elevateconstructionist.co... Subscribe to my YouTube channel:    / @jasonwilliamschroeder   Learn More About Jason ======================== Jason Schroeder is the founder and COO of Elevate Construction IST, a company focused on elevating construction by providing valuable insights, effective solutions, and high-quality training. With his extensive experience in the construction industry, he created the Field Engineer Boot Camp and Superintendent Boot Camp, immersive training courses designed to produce high-performing leaders who can lead their teams in the right direction. Through Elevate Construction IST, he aims to scale his training programs throughout the nation to help more construction companies elevate their operations to the next level. ======================== Nate Woodbury - YouTube Producer    / natewoodbury   #Construction #ProjectDevelopment #ProjectManagement