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 […]
Modern Methods of Construction (MMC)
By: Overford Marketing
Modular Musings… Last month I joined London Constructing Excellence Club for a talk titled “MMC: Solution or Hype?”. Professor Stuart Green questioned whether the praise levelled at Modern Methods of Construction as the solution to all construction’s problems is justified. And when it comes to encouraging companies to adopt MMC, I tend to agree. We […]
Proceeding With Bad Intent?
By: Overford
Letters of Intent… The Best of Intentions A letter of intent, or LOI, is a document, that is usually issued by the employer but is also used further down the supply chain from say the contractor to sub-contractor etc. Letters of intent generally demonstrate an interest in entering into a contract for construction works. They […]
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