Once you achieve practical completion under a construction contract, it is time to negotiate the “final account”. This is the total amount that will be paid for the contract and there are a number of commercial items that need agreeing before it can be settled. These final account negotiations can be the most challenging and […]
Make Sure You Get Paid
By: Overford Marketing
Our top tips for getting paid on construction projects The construction industry has something of a bad reputation when it comes to managing cashflow. Earlier this year, research found that half of all invoices were paid late. In some cases, those invoices are never paid at all. Nobody can guarantee one party will pay another […]
Why subcontractors should never walk off-site when they are not getting paid
By: Overford Marketing
Guy Jackson Joins Own The Build Podcast Why subcontractors should never walk off-site when they are not getting paid How can you engage your client if you are not being paid on-site? Is walking off-site an option? In this new podcast, Guy joins Paul Hemming of C-Link for an episode of Own The Build. The […]
Case Study – Contractors’ All Risk Claim
By: Overford Marketing
Midfield Terminal Building, Indianapolis International Airport The $1 billion Midfield Terminal Building at Indianapolis International Airport, aimed to create a transport hub for the city. During the construction, a steel roof structure partially collapsed. The roof was being held by two shoring towers. Incorrect lifting and jacking operations by the steel erection sub-contractor were the […]
Arbitration – An Introduction
By: Overford Marketing
Following our intro to adjudication, this article takes a very brief look at dispute resolution in arbitration. Much older than statutory adjudication, arbitration is another route to resolving disputes without having recourse to the courts. The method comes with some strong advantages. Though arguably, there are some disadvantages too. The process involves the appointment (usually […]
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