ARV Quantity Surveying – We reduce your risk and manage your costs, you increase your profits.
Construction Retention Recovery & Non-Payment Recovery
Self-Help Guide to Getting your Retention Back
An excellent step by step guide showing you how to get your retentions back using the Construction Act.
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Retention Recovery
We offer a “No Retention, No Fee” construction retention recovery service.
We do not at any time jeopardise your relationship with your client.
Often our fee for recovering construction retention is less than employing an employee to chase construction retentions.
Our service also offers financial flexibility and professional in depth construction contract experience.
Whether it is a one off construction retention that is outstanding or you need ARV Quantity Surveying Ltd to manage your whole construction retention recovery account, we assist by offering our clients:
- A fixed cost for retention recovery.
- No upfront costs. We only charge for our services once the construction retention monies are recovered and payment is received by your bank. This provides excellent cash flow.
- No hidden fees.
- No risk. We only charge for our service if we recover your construction retention.
- No hassle. We will manage, monitor and facilitate the recovery of your construction retention, leaving you and your team to manage your business.
- A professional review of your construction retention book.
- We are fully conversant with all forms of construction contracts including the Housing, Grants, Construction and Regeneration act 1996 and we can use this knowledge to deflect spurious delaying tactics.
- We may even be able to obtain interest on overdue construction retentions.
Our fixed rate fee per retention claim is 6.5% with a minimum fee of £125.00 (ex VAT):
Retention Amount |
||
| £0 - £1,500.00 | Fee: £125.00 + VAT | |
| £1,500.01 and above | Fee: 6.5% net + VAT | |
Late / Non Payment
The Construction Act has been a blessing to specialist subcontractors. Not only does it provide facilities for referring disputes to adjudication but it outlaws pay when paid clauses and allows the specialist subcontractor to suspend work under a seven day notice.
Some of the following statements are typical examples of reasons for non payment:
“My application was underpaid without any formal notice”
“We have been deducted monies for alleged contra-charges, without any justification”
“We have priced our variations but the Main Contractor/Client is not valuing them”
“We have settled our Final Account but we have not received our final payment”
“The Main Contractor says he will only pay me, when he is paid”
Does one of the above apply to your company?
Act now. We can help you recover your outstanding monies.
Do you have a question based on our Retention Recovery or Late / Non Payment Recovery Service? – Why not ask us a question below.
Retention Recovery | Domestic Quantity Surveying | Commercial Quantity Surveying | Construction Templates | Tender Estimating
