Preparing Interim Valuations
Proper payment is a key issue within the construction industry and the widespread abuse of the payment process led to the government providing a remedy through the Housing Grants, Construction and Regeneration Act 1996 (the Act).
The Act provides that all construction contracts should have a compliant payment mechanism that allows the person receiving payment to know in advance when and how much he will be paid. It also provides for a formal notice procedure if any monies are to be withheld and gives the party receiving payment the right to suspend work if proper payment is not made and also to refer any amount that is in dispute to adjudication.
Adjudication is a form of dispute resolution in which a nominated third party (the adjudicator) decides the matter referred to him within 28 days subject to any extension to this time that the parties might allow in accordance with the adjudication rules.
It is important, therefore, that proper payment is made in accordance with the contractual payment provisions. The provisions of most standard forms of construction contract now incorporate compliant payment mechanisms in accordance with the Act.
BrunswickIS ensures compliance with the payment provisions in valuing the amounts due, adhering to the payment timetable and, where necessary, in giving the notices required to legitimately withhold payment.
 Managing the Contract
Maintaining Project Controls
Controlling Project Cost
Controlling Project Change
Maintaining Collaborative Arrangements
Key Performance Indicators (KPI's)
Preparing Interim Valuations
Risk Management
Project Audits
Dispute Avoidance and Resolution
Agreeing Final Accounts
|
