Why Fixed Price Contracts Will Kill Your Business скачать в хорошем качестве

Why Fixed Price Contracts Will Kill Your Business

THE FIXED PRICE TRAP: How One Job Cost Me Thousands — In the world of excavation and demolition, what you can’t see under the ground is what will eventually take your shirt. Chadalac: Engineering the Underdog. Real life. Real stakes. Real rebuild. In this episode, I’m an entrepreneur rebuilding in real time — documenting the work, the discipline, the setbacks, and the decisions that move the needle. We are deep in the trenches of a Toronto demolition and excavation project that became a financial nightmare. From 7-foot deep trenches to unexpected underpinning and shoring requirements, this job is the reason I officially retired from "Fixed Price" contracts. I’m breaking down the invisible costs that contractors are expected to "eat" and why the industry’s standard pricing model is a fast track to bankruptcy. If you’re a contractor, a property owner, or someone looking to understand the brutal economics of the construction industry, this is for you. No guru talk — just growth, documented, with one takeaway you can use. WHAT YOU’LL GET The core conflict: Discovering the neighbor's stone foundation was 12 inches higher than our required depth, triggering mandatory (and expensive) underpinning that wasn't in the original budget. The turning point: Realizing that inclement weather and unforeseen soil conditions turn a "fixed price" into a guaranteed loss for the contractor. The takeaway: Stop guessing. If you can't predict what’s under the soil or how the weather will turn, you shouldn't be gambling your business on a fixed price. WATCH NEXT Chadalac Rewind Playlist:    • Chadalac Rewind   Chadalac Stories:    • Chadalac Stories   Chadalac 2026:    • Chadalac 2026   CHAPTERS 00:00 Cold open The reality of the Toronto excavation site 03:44 Setup — Trenching 7.5 feet down: Finding the neighbor's footer 04:31 Conflict — The Shoring Crisis: Why the engineer called for underpinning 05:44 The Work — Excavating for the underpinning team 10:36 Turning point — Breaking concrete with "Godzilla" the hammer drill 11:17 The Craft — 45-degree chiseling: Creating pressure cracks 13:52 Takeaway — Why I will never do fixed pricing again 14:04 Next episode — Training "Little Demo Boy" on the skid steer Social Connect / Business TESS Inquiries / Collaboration: Instagram: @thechadalac Facebook: @thechadalac TikTok: @thechadalac YouTube: @thechadalac HASHTAGS #Chadalac #EngineeringTheUnderdog #TESS #RealLifeRealStakesRealRebuild #UnderdogBuild #FixedPriceContract #ExcavationLife #ConstructionLessons #Underpinning #TorontoDemolition