Problem: Unpaid payment applications for sub-contractor
Outcome: £2m+ recovered from contractor within 3 weeks (plus costs, interest and late payment fees)
How long did it take? Less than 1 month
Our lawyers acted for a subcontractor construction client who was overdue payments totalling over £2m under several payment applications with the defendant (also a construction company).
The construction client had sought to obtain payment themselves using their internal legal team but without success over several months, and knew that the defendant was under significant financial pressure and solvency issues with other creditors. We were instructed and swiftly devised a strategy of conducting due diligence on the defendant construction company (through various platforms available to our expert lawyers) and reviewed any previous claims they had against them.
Our lawyers devised a clear strategy and route to obtaining payment for our construction client quickly and cost effectively. Our construction lawyers were able to obtain payment from the defendant construction company within 3 weeks, and they also paid all interest, late payment fees and legal costs in full.
Our lawyers’ strategy was critical in obtaining payment for our client quickly without court or arbitration proceedings to ensure that it did not affect their cash flow and other projects.
If you have a construction dispute, please let us know. Please do not hesitate to call us for a Free Consultation 0207 459 4037 or alternatively complete our booking form below to schedule a consultation today. We look forward to assisting you.
