Sub Contractor owed money.

The Issue:

Our client, a local sub-contractor, was owed circa. £140,000 by a regional main contractor on an order of circa. £900,000.

How did Edge Consult help:

Edge helped the sub-contractor prepare a final account. This included a level of detail such that if no agreement were reached, an adjudication could be readily prepared. Following the presentation of its account, the parties reached an impasse with circa. £140,000 difference still between them. The main contractor refused to enter into any further dialogue with our client, therefore Edge was instructed to draft a Referral and to commence an adjudication

Results:

The Notice of Adjudication prompted the contractor to hastily re-start dialogue with the sub-contractor. An initial further payment was agreed, and shortly afterwards a conclusion of the account was reached. The adjudication was stopped before an adjudicator had even been appointed!

The important point here is to plan for the ‘what if’ scenario. The question put to the sub-contractor by Edge before it submitted its final account was ‘what if’ you don’t reach an agreement with the Contractor. The advice from Edge was to think longer term and prepare for the next stage with a robust and fully supported account.

 

Contact the team if you are finding yourself in a similar situation,

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