Payment Of Specialist Contractors In Construction and Engineering Contracts
Are You A Specialist Contractor With A £10k+ Payment Problem?
We Can Solve Your Payment Problems Fast!
Specialist Contracting can be a tough business and it's all too easy for the Contractor to find ways not to pay your interim or final accounts! As a Specialist Contractor with a £10,000 plus payment problem you are entitled to free down to earth advice that will help you to solve your problem fast!
Our Nationwide Team have vast experience in resolving construction related payment problems and are available to help you get paid as quickly as possible.
Included in our team are Quantity Surveyors, Construction Contracts Consultants and Specialist Construction Solicitors, so we have the capability to resolve your problem fast, whether it's £ten thousand or £hundreds of thousands!
So if the Contractor or the Quantity Surveyor is not paying you, or not valuing your application or variations properly or is making a set off or contra charge against you, or payment is delayed, and you want to know if you can suspend the works, walk off site, adjudicate or arbitrate then you have come to the right place!
You will be pleased to know that you can find a wealth of information on Streetwisesubbie.com about avoiding and resolving your valuation, interim, and final payment problems. But, if your problem exceeds £10,000 and need someone to take action on your behalf right now, then don't delay, call us now on 01773 712116 for free, no-nonsense, down to earth advice!
If you are searching out of normal office hours, or haven't got time to calll right now, that's no problem because if your outstanding payment of £10,000 or more and you need help to find a solution, then you can use the Ask Streetwise or Streetwise Confidential feature on this site to ask our Virtual Team of experts for help with getting paid?
And right now until the end of April 2013 our amazing Monthly Subscription Gold Buddy Membership is available at half price! There's no long term commitment and the first 50 new members can sign up for your fantastic package of benefits at Half Price! Click here now for details
Remember, if your payment problem exceeds £10,000 and you simply haven't got time to look or have any other problem whatsoever and you can't find what you are looking for simply call us for initial Free Advice on 01773 712116.
If you are owed less than £10,000 and your turnover is less than £1million per annum then we strongly recommend that you view the following resources on the Citizens Advice Bureau web site. Click here now for claims less than £10,000
Late Payment Of Subcontractors and Remedies For Late or Non-payment
Life would be much simpler if you did the work, sent in your application and received your payment in full and on time!
But in reality as a Specialist SubContractor you will find that your works are not being valued properly by the QS and you are not getting paid.
You can't write out cheques from the Contractor, but you can take positive steps to make it more likely that you will be paid the right amount of money at the right time.
For Specialist Sub-Contractors, making sure you get paid on time will mean you can manage your cash-flow, reduce your overdraft and get bigger discounts because you can pay your suppliers on time.
As a Sub-Contractor getting paid on time could mean the difference between survival and insolvency!
Please don't delay. The very survival of your business could be at stake!
Take action now and be one of only 50 new members who can sign up for our amazing low cost subscription package at Half Price! Click here now for details
How Can Sub-Contractors Get Paid On Time?
- Know the dates your payments are due and make the Contractor aware that you know
- Make sure that all applications are in on time and comply with the contract
- Contact the Contractor before the payment is due to make certain they know when you are expecting payment
- Make sure the Contractor knows that if payment is late, you will suspend your works in accordance with your contract
Can SubContractors Suspend Performance?
Suspending performance of the works is a powerful incentive to make the Contractor put you at the top of the list when it comes to making payment.
Used properly, suspension is your best solution to prevent late payment.
Suspending Your Works
Probably the biggest benefit included in the Construction Act provides that if payment is not forthcoming in accordance with the contract terms then the subcontractor may subject to proper written notice suspend work until payment has been received. When money is in short supply it is often the sub-contractor who threatens to suspend work is the one who gets paid first!
But you need to be careful and we would always recommend that you take our specific advice before suspending performance. Use the Ask Streetwise or Streetwise Confidential feature on this site. or call 01773 712116, to access your free advice about suspending the performance of your works for non payment.
Remember our team includes Specialist Quantity Surveyors and Construction Contracts Consultants, so we have the capability to resolve your problem fast and right now until the end of April 2013 the first 50 new members can sign up for our amazing low cost monthly subscription package at Half Price! Click here now for details
Set Off and Contra Charges
If the Contractor is making a set off from your account or is deducting contra charges, there are steps you can take to resolve the situation.
First and foremost you need to take action and fast, because the situation is not going to get better of its own accord.
You therefore need to know about the financial stability of the Employer!
If payment is made late interest becomes due on the outstanding money in accordance with Late Payment of Commercial Debts (Interest) Act 1998 which applies to all contracts as from 1st November 2002. The rate of interest payable is 8% above bank minimum lending rate unless the contract itself provides a substantial remedy for late payment. The contractual rate has to be in the region of an 8% for it to be regarded as substantial remedy.
Don't miss out - take action right now, because our low cost Monthly Subscription Gold Buddy Membership is half price until the end of April 2013 for the first 50 new members who can sign up for this amazing offer! Click here now for details
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