A major construction project is a very big undertaking with a lot of moving parts. Because there are so many people involved, an almost endless amount of things could go wrong. One of the frequent problems that companies are forced to deal with on a regular basis are claims being made against them for unpaid wages. Most of the time, these claims are made by contractors. This is why hiring construction claims consultants is so important for the success of any project. These consultants will work with both the contractor and the client to make sure that all of the legal issues have been taken care of. This greatly lowers the amount of disputes that are filed against companies. It also helps with debt recovery in the event that a claim is filed by a contractor. Consultants dealing with construction claims will act as negotiators in the event of a dispute.
Management for a construction project
Poor management of a construction project can lead to a variety of problems down the road. Miscommunicating with foreign clients, timing a project poorly and failing to allocate funds properly are all examples of poor management. A construction claims consultant can nip these problems in the bud by issuing reports that detail a project’s results as they happen.
Construction claims defense and debt recovery
In many cases, contracting firms will finish a major percentage of a construction project before they are paid. Even though there is a contract in place that details the retention money involved, some contractors choose to go the legal route to get their payment for the job. A construction claims consultant can assist a company in getting the necessary retention money without ever going in front of a judge. Obviously, it is beneficial to both parties if they can avoid the cost of hiring lawyers and battling it out in court.
The value of a claims consultant
When hiring a construction claims consultant, it is critical that he or she not only have knowledge when it comes to preparing or filing claims, but also in terms of negotiating down inflated claims made by the contractor. The lower consultants can negotiate down a claim, the more valuable they are to a company. By having an experienced claims consultant working on your behalf, your company can avoid getting consumed by legal issues. Instead, you can focus your energy on planning business strategies for the future.