Struggling for a fair valuation?

As another week begins, there will no doubt be news of another well established contractor going into administration owing sub-contractors millions of pounds.

Sadly, this can have a huge effect on sub-contractors and can often happen where there has been a relationship which may go back many years.

Now more than ever it is crucial for sub-contractors to ensure that their works are valued correctly and paid on time, limiting the amount of exposure they have should this happen to a contractor they are working for.

There are a number of options available if you feel you are having your payments messed around with, however the importance of acting quickly in these particular situations cannot be underestimated.

There are also numerous proactive steps you can take ensure your exposure is always at a minimum.

If you find yourself struggling for a fair valuation, a punctual payment or want to take steps to protect yourself from this happening, please don’t hesitate to give Giles Associates a call to discuss the best way forward.