Contract Chaos? Conquer it with These Top Tips!

Hi,

One of the biggest issues we hear our clients talk about is how to manage and understand their contracts. And while it’s true that contracts can be a never-ending source of headaches and confusion, our Director, Scott Coulton, is here to expel all the myths and misunderstandings.?? ??

In our latest newsletter, we’re offering you insight into how you can get paid (before taking unpaid invoices further to a dispute), what technology and AI mean for the commercial management and quantity surveying industry, and our Director, Scott Coulton, will share his top tips and strategies for good contract management.?? ??

As always, if you need more clarity on any topics covered in the newsletter or any project controls and dispute management advice, Nexus Consult is here to help you through the complexities of construction laws and contracts and ensure you receive the expert guidance or compensation you deserve.?

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Top Tips for Prompt Payment in Construction

How to Get Paid for the Work You Do!

You work hard all day, ensuring you abide by your main contractor’s rules and regulations, so it’s no wonder that it feels like a slap in the face when invoices go unanswered and unpaid.?? ? ?

Raising a payment dispute is often the go-to for many subcontractors when they don’t receive their entitled payment. But before it turns into a payment dispute, there are several things you can do.?

Try these tips on your next project to ensure you get paid for the work you do:??

• Ensure all condition precedents to payment have been performed. Many contracts have provisions that prevent payment until a certain action has been undertaken by the party awaiting payment. For example, the contract may require the return of a signed contract, bonds or guarantees, and evidence that the contracted level of insurance is maintained prior to payment being made.???

• Timely compliance with the payment application dates in the contract. Many contracts state that if the payment application is submitted late, it will be treated as if it had been submitted for the following month. Avoid unnecessary delays with timely compliance.?

• Submit applications for payment in a format that clearly identifies the amount due and explains the basis that the amount due has been calculated. The amounts claimed in the payment application should be substantiated by records that prove the progress, variations, and materials on-site claims as true and accurate. ??
• If you do not receive the due payment by the final payment date, promptly issue a Notice of Intention to suspend the works. Ensure such notice is in accordance with the provisions of the contract or The Construction Act – whichever applies.

Don't be afraid to speak up if you are not paid for your work. Talk to your client and try to resolve the issue amicably. If you are still not getting paid, that’s when Nexus comes in – we will get you paid.? ?

Are you worried about a late payment, or have you not been paid at all? Contact us now to discuss your payment dispute and discover how we can help you.?

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The Impact of Technology on Commercial Management & QS

Is AI Having a Negative Impact??

Technological advancements are changing the landscape of commercial management and quantity surveying (QS), but is it for the better? ? ?

Building Information Modelling (BIM), cloud-based project management software, and AI can all streamline QS processes, enhance decision-making, and open the door to new possibilities.? ?

Is AI having a negative impact on the industry? It depends on who you ask!? ?

On one hand, AI and technological advancements promise high levels of efficiency and productivity. When implemented correctly, AI can act as a strategic enabler, which naturally frees up commercial managers and QSs, allowing them to focus on decision-making, collaboration, and shaping sustainable built environments.? ?

On the other hand, the extent of new technology isn’t fully understood. For example, BIM software will undoubtedly present challenges, but its real impact on the UK market is still unclear. However, the government is keen to implement BIM in their projects, so adaptation is crucial for the industry.? ?

Will AI take over? No, there will always be a need for commercial management and quantity surveying (human) experts. However, the roles of commercial management and QS will need to evolve and adapt to accommodate AI.?

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Construction Contract Management: Best Practices

New Blog, Now Live!

The passing of another month means one thing: our June blog is now ready to read. In our latest blog, we’re exploring Construction Contract Management and why it’s so important to understand and administer your contracts.? ? ?

Contracts are essential for any successful business relationship. They outline the terms, conditions, expectations, and obligations for both parties involved.? ? ?

However, if a contract is not properly administered, it can cause:?

• Fractured relationships
• Disputes
• Termination of projects
• Damages

In addition to discussing the importance of proper contract administration, Nexus Consult’s Director, Scott Coulton, shares detailed tips and strategies for good contract management in our latest blog.? ?

Read the full blog now to gain a greater understanding of Construction Contract Management and its best practices.? ?

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