Dispute Resolution
When is a Dispute not a Dispute
No sadly this isn't a joke but if you have ever been in a genuine dispute then you will no doubt be aware of the punch line.
But to answer this you have to understand the origins of a dispute.
Usually one side makes a claim / statement that is contradicted by the other side giving rise to a disagreement.
A disagreement is not a Dispute.
The disagreement only graduates to a dispute when either party, for whatever reasons, cannot accept the consequences of the disagreement and they insist that it is resolved.
The Perfect Storm - A Survival Guide To Disputes
Many of the contractors I meet, primarily during a dispute, have one thing in common. They have usually been too lenient with clients and not been completely focused on their cash flow.
As the economy……..thinking of a positive word here……imploded, cash became a scarce commodity and as it continued to dry up many companies fell victim and still are, to what I term "The Perfect Storm".
8 Business Mistakes That Could Cost You Your Business
Let's get one thing straight. Business success certainly isn't pot luck. Running a business is never easy - no matter how successful you are - and so you have to expect to make a few mistakes along the way. However it is how we react to and learn from these mistakes that will play a key role in determining how successful your company will be.
Dispute Resolution
If you are having difficulties in getting paid by your customers what you feel is the correct or at the very least an acceptable amount for the work you have carried out as part of a contract, you need to consider your next step very carefully.
Whilst the formal legal route may be the most popular, it is often not the best approach.
Why? Well resolving disputes in the construction industry can be difficult for a third party unless you have first-hand knowledge of both the unique contractual and operational processes that contractors face.
Dispute Services
Outstanding retentions and aged debts have almost become an accepted element of business in the UK construction industry with potentially catastrophic affects on cash flow and profitability.
Unfortunately many clients and indeed contractors exploit the allegedly complex nature of the construction industry to retain or dispute outstanding monies from smaller contractors.
