Brant                

Associates


“With your experience, diligence, professionalism and personal determination we achieved a successful settlement.“


Mike Carroll

Mouchel Infrastructure Services

A Leading Construction Dispute Resolution Consultancy

If you would like a no obligation consultation about any issues you may have, please call

01733 568687. Alternatively e-mail your query to qs@brantassociates.com

Brant Associates Ltd | Head Office: Unit 8a Opus, Cygnet Park, Hampton, Peterborough, PE7 8HP |


© Brant Associates Ltd 2017

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Late or non-payment problems


In contracting is there anything that can be done to improve the payment periods and certainty of amount, the amount to be paid and the payment date?


The answer is a qualified yes, since no one can guarantee same.


It all starts with the Contract terms and Conditions. Get these wrong and you will be swimming against the tide.


The next stage is to comply with the requirements of the Contract in terms of making applications for payment, the submission of appropriate notices and the preparation and maintenance of adequate records to support the aforementioned.


No rocket science there then! It is quite remarkable however, in our experience, how many companies do not deploy and/or police adequate systems to address these basics.


Prevention in our experience is less expensive than cure and by putting sound procedures in place and policing them it can lead to increased cash flow and profitability.


In an attempt to assist our current and potential clients in reviewing how effective their policies and procedures are, we are introducing a new service (Mini Commercial Risk Audit) as detailed on our news page.


Trevor Brant


February 2010