The Construction Business Blame Game - 5 Ways to Avoid Contractor Disputes
•
0 likes•254 views
Disputes are all too common in the construction business, but they’re not inevitable. With the right approach, you can escape the blame game and keep subcontractors, staff and clients happy. Learn how in this short presentation
Recommended
Recommended
More Related Content
Similar to The Construction Business Blame Game - 5 Ways to Avoid Contractor Disputes
Similar to The Construction Business Blame Game - 5 Ways to Avoid Contractor Disputes (20)
Recently uploaded
Recently uploaded (20)
The Construction Business Blame Game - 5 Ways to Avoid Contractor Disputes
- 1. THE CONSTRUCTION BUSINESS BLAME GAME 5 WAYS TO AVOID CONTRACTOR DISPUTES Disputes are all too common in the construction business, but they’re not inevitable. With the right approach, you can escape the blame game and keep subcontractors, staff and clients happy. Learn how in this short presentation
- 3. 10.7 MONTHS the average UK dispute length. payapps.com
- 4. £20 MILLIONthe total UK dispute value (amount being claimed for additional work). payapps.com
- 5. £3.1 BILLIONthe amount written off as bad debt every year. payapps.com
- 6. DON’T FORGET THE HIDDEN COSTS payapps.com
- 7. DON’T FORGET THE HIDDEN COSTS Sour supplier relationships - resulting in slower tendering, jacked-up prices, project delays and walking off the project altogether! payapps.com
- 8. DON’T FORGET THE HIDDEN COSTS Sour supplier relationships - resulting in slower tendering, jacked-up prices, project delays and walking off the project altogether! Stressed out office staff - due to constant hassle over payment, disputes and misunderstandings payapps.com
- 9. DON’T FORGET THE HIDDEN COSTS Sour supplier relationships - resulting in slower tendering, jacked-up prices, project delays and walking off the project altogether! Stressed out office staff - due to constant hassle over payment, disputes and misunderstandings Bad reputation - as people in the industry talk payapps.com
- 10. DON’T FORGET THE HIDDEN COSTS Sour supplier relationships - resulting in slower tendering, jacked-up prices, project delays and walking off the project altogether! Stressed out office staff - due to constant hassle over payment, disputes and misunderstandings Bad reputation - as people in the industry talk Difficulty attracting finance - once you have negative marks on your record payapps.com
- 12. Cash flow issues… …and insolvency risk SO HOW DO YOU PROTECT YOUR BUSINESS? payapps.com
- 13. 1. PUT CLEAR CONTRACTS IN PLACE payapps.com
- 14. 38%of subcontractors say contracts are too complex to understand. So make sure your contracts... payapps.com
- 15. highlight clear deadlines for application processes, including submission and approval payapps.com
- 16. highlight clear deadlines for application processes, including submission and approval set out clear application formats that reflect the work structure payapps.com
- 17. highlight clear deadlines for application processes, including submission and approval set out clear application formats that reflect the work structure agree how to break down the cost applied for payapps.com
- 18. highlight clear deadlines for application processes, including submission and approval set out clear application formats that reflect the work structure agree how to break down the cost applied for outline how everyone handles and approves variations payapps.com
- 20. Track and automate applications and payment processing payapps.com
- 21. Track and automate applications and payment processing Give greater visibility of variations, retentions and payment cycles payapps.com
- 22. Track and automate applications and payment processing Give greater visibility of variations, retentions and payment cycles Reduce risk of issues caused by minor misunderstandings payapps.com
- 24. Establish robust processes that everyone understands payapps.com
- 25. Establish robust processes that everyone understands Give people the authority to act payapps.com
- 26. Establish robust processes that everyone understands Give people the authority to act Assign clear responsibilities for communicating with clients and the office payapps.com
- 27. 4. KEEP RECORDS OF VERBAL VARIATIONS Collaboration + Communication = Everyone Happy (and Paid) payapps.com
- 28. 5. GET SPECIALISTS INVOLVED AS EARLY AS POSSIBLE So you avoid costly reworking that causes problems across the supply chain Sources: Acardis Global Construction Disputes Report 2016, Office for National Statistics Bibby Financial Services Subcontracting Growth Report payapps.com
- 29. Takeaways: Disputes cost contractors and subcontractors time and money - and can even lead to insolvency. Contractual issues are the most common cost of construction disputes, so make sure your contracts are clear about brief, processes and cost breakdowns. Use technology to keep processes consistent and transparent, especially for areas that cause issues (like the processing of applications and payments). Promote a positive site culture with strong leadership and clear communication channels, so you have the flexibility to deal with inevitable changes. payapps.com
- 30. Keep payment processes slick, while managing cashflow and reducing admin. Download: The Construction Payment Blueprint - 5 Ways to Make Payment Disputes a Thing of the Past DOWNLOAD NOW