{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Construction Hot Takes","title":"Is Buyout Just a Nicer Word for Shorting Your Subs?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/895cfee7\"></iframe>","width":"100%","height":180,"duration":671,"description":"Is buyout just a nicer word for shorting your subs? Sometimes, but it doesn’t have to be. Buying the work competitively is the job, and it crosses a line when a GC takes a project without enough money in it and pushes the shortfall down to the trades. If you are a subcontractor who has watched a buyout call land on your margin, or a project manager handed a fee that you cannot see a path to, this is the conversation both sides usually have separately. \nIn this episode, Greg Gorman, Adam Cooper, and Jeff Robertson react to the comments a clip on bidding drew, take the sub's side and the GC's side honestly, and get into contingency, scope, and why the worst job on your books is often the one you won and should not have. \nHere is the TikTok video source for the comments: \n‘Buyout and the Subs’: https://www.tiktok.com/@construction.hottakes/video/7664578504482163981\nBuild a business that runs without you: https://ascentconsults.com/build-it-better-ebook/ \nChapters: \n00:00 - Introduction & General Conditions Budgeting\n01:46 - Reading Online Comments on Buyout Strategies\n03:12 - Strategic Budgeting & Subcontractor Margins\n06:50 - Market Dynamics & Sustainable Bidding Practices \n03:26 - Closing Remarks & Producer Summary\n \nMarkup and Margin: The Math Matters: https://blog.ascentconsults.com/markup-and-margin \nFor strategic business planning and margin discipline: https://ascentconsults.com/strategic-business-planning/ \n \nGreg Gorman:https://www.linkedin.com/in/gregory-gorman-hern%C3%A1ndez-mba-115ba34// \nAdam Cooper: https://www.linkedin.com/in/adamcooper/ \nJeff Robertson: https://www.linkedin.com/in/jeffrobertson72/ \nCheck out all the Construction Hot Takes episodes on the Ascent website!: https://ascentconsults.com/construction-hot-takes-podcast/ \n \nFollow Ascent Consulting on: \nLinkedIn: https://www.linkedin.com/company/ascent-consulting-inc-/ \nFacebook: https://www.facebook.com/ascentconsult \nInstagram: https://www.instagram.com/ascentconsults/ \n \nFollow the...","thumbnail_url":"https://img.transistorcdn.com/7tnRBSxyvUnj2LLrko3735SpgUxrQORJqJk70KMFAmQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8wNjc2/YmMxMWY1ZmY0Njhl/ZGYyM2E5ZTAzOGJk/OGU1Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}