Strategies for Getting Paid in a Recessionary Climate

Strategies for Getting Paid in a Recessionary Climate

Introduction

With cash flow getting tighter, how can you exert influence on suppliers, contractors and employers alike to ensure that you are paid is becoming crucial to company survival.

Course Content:

• Avoiding contract terms which hinder payment
• Late Payment (Commercial Interest Act)
• Using suspension/stopping work to put pressure on the payer
• Winding up:
  • When can you make an application to wind a company up?
• Reserving title:
  • How effective can it be to reserve property in your goods until you are paid?
• Retention:
  • When can you insist that retention is put in a separate account?
• Insolvency:
  • What are you entitled to if the person who owes you money goes into administrative receivership/ administration/ liquidation?
  • Who is entitled to be paid first?
• Housing Grants Act:
  • When should you receive a Withholding Notice?
  • What happens if you do not receive a Withholding Notice?
• Small Claims Court
• Adjudication
• Immediate judgment from the court.

Speakers:

Jon Miller

Jon Miller, LLB(Hons), MSc (Construction Law & Arbitration), Registered Adjudicator, Companion of CIBSE, FCIArb, ACMI, QDR, is a Partner at Prettys Solicitors. Jon is also a Fellow of the Chartered Institute of Arbitrators, a member of the Technology and Construction Court Solicitors Association (TeCSA), AICA, RIBA, CIC and CI Arb accredited adjudicator. His areas of work include disputes involving roads, harbours, housing schemes and office buildings.