News & Info: Contractual & Legal

Costs of construction disputes

Monday, 07 September 2020   (0 Comments)
Posted by: MBA KZN

 

One of the biggest challenges construction companies are faced with in any dispute is the issue of the costs and the financial impact. Most construction companies don’t have the cash reserves for drawn out arbitrations and litigation.

Certain professionals within the legal fraternity have recognised this problem and have come up with an innovative idea of assisting contractors in any dispute. This concept that has been in place in the United Kingdom and other countries for some time and operates on the following basis:

• No win, no litigation fee.
• Non-recourse funding is backed by claims specialists.
• Terms and conditions apply.

Should a member wish to pursue this avenue, the Association may be contacted for further information.

 

Ross Stembridge | Building Services Manager