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You know that working 8 hours a day for over 40 years straight, just to retire and finally enjoy “the life of your dreams” in the last stage of your life has never been my cup of tea. My goal is not the Lambo. It’s not drinking overpriced wine… and obviously not New Zealand red wines. I just want to own my time. That’s it. Some people call this financial freedom. You know that I read about the subject. Forums, blogs, books, and… from time to time I did it on social media. Yes… it was a time where I checked those places. Here is the problem I discovered. If you check those sites that poison your brain, you’ll find a bunch of self-proclaimed “experts” telling you exactly what to do to reach financial freedom. The problem? None of them have actually achieved it. Think about it: Overweight people preaching health. Government employees giving startup advice. Broke financial gurus talking about “freedom” while watching their bank account hit zero on the 25th… Come on… You have to laugh. I don’t know about you, but I don’t listen to people like that. Think again: Want to get fit? Follow athletes, coaches, and nutritionists. Want to learn business? Study successful entrepreneurs. Want financial freedom? Pay attention to people who are already there. That’s it. And with projects or infrastructure, this works the same. Think again please: Want a bridge over the sea? Find those that have successfully done it before. Want a tunnel under the sea? Find those that have successfully done it before. Want a successful PPP? Find those projects that were delivered successfully That’s it. Want to know about a project that was successful despite all the odds? Check below.
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It doesn’t matter what project we’re talking about. PPP or else. If I took a picture of most people negotiating a Project Agreement today and compared it with one from five years ago, you wouldn’t notice the difference. Same priorities. Same obsession with financial close. Same attention to construction risk. Same drama around LDs, relief events, variations, refinancing, performance deductions and lenders’ approvals. And the same silence around Hand-Back Requirements. Nothing has changed....
“What’s happening with you?” Look. You’re not going to look smart by bringing those clauses to the table during negotiations. Nobody will thank you. No one. Not your bosses. Not the advisors. Not even the client. Everyone is focused on financial close. And their bonuses. And those big pats on the back. “Why are you bothering us with that?” I know. When you have four years of construction ahead. Utilities still undefined. Properties not properly acquired. A recent landslide before signature....
In today’s world, we are surrounded by information. By tips. You ask ChatGPT for ways to… Let’s say. Improve communication. Yes, remember: communication skills are probably the skill you need to be working on right now. Well… ChatGPT takes information from thousands of blogs. Unrelated to you. You feel overwhelmed. And you do nothing. You stay exactly where you were. That’s today’s world. We have access to information and knowledge. But we don’t use it. We look for the next tip. And the next....