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.
Download our free guide on damage-based agreements.