Do not be forced to write off bad debts
A large amount of debt is written off in the construction industry each year, some of which could be recovered by referring disputes to adjudication helping maintain positive cash-flow
Many companies do not pursue bad debts as there is often no guarantee of a positive result, with little chance of being able to recover legal fees.
To try and assist with this issue, Flint Bishop will consider, on a case-by-case basis, entering into Damages Based Agreements.
A Damages Based Agreement is a way of funding our fee to run an adjudication on your behalf.
It is a ‘no-win-no-fee’ arrangement under which you agree to pay us a percentage of the amount that you recover in the adjudication. You only pay our fee if you win the adjudication and recover an amount of money.