Precision Cost Management & Construction Clarity
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COMMERCIAL & LEGAL SUPPORT
Late Payment Adjudication
Providing ongoing quantity surveying and commercial support across live construction projects.
PROJECT OVERVIEW
Quentessential Surveying represented a client in an adjudication concerning statutory interest arising from consistently late commercial payments, achieving a settlement.
KEY PROJECT FACTS
CLIENT
Leighway, BAS, KLEF
SERVICE
Late payment adjudication
STATUS
Settled
SECTOR
Comercial
LOCATION
UK
THE CLIENT & REQUIREMENT
The client required representation in an adjudication concerning statutory interest arising from
consistently late commercial payments.
THE CHALLENGE
Recovering statutory interest for consistently late payments required a formal adjudication, including recovery of the RICS nomination fee.
OUR APPROACH
We represented the client through the adjudication concerning statutory interest on late commercial payments, pursuing the claim through to settlement.
SERVICES PROVIDED
The matter resulted in a settlement of approximately £7,265, including recovery of the RICS nomination fee.