Snagging & Retention Recovery
Snagging Assessment
The construction industry is notorious for fulfilling 95% of the brief on time, then taking an inordinate and unacceptable amount of time over the last 5%. Unfortunately, it is the minor snagging works that make up the final 5%, and this final phase that gets remembered.
Analogies have been drawn to the aviation industry, where only 100% accuracy, first time and on time will suffice. At 3SIXTY, we truly believe that with careful programming, an eye for detail and excellent communication between all parties, this can be achieved each and every time.
By utilising our skills we can provide a "step in" snagging assessment of the development you are about to receive or deliver. Acting on behalf of both contractors (who are equally as keen to deliver first time and on time) and also development clients, we have extensive experience of mitigating delays in completion and frustration all round by undertaking a thorough and timely snagging assessment prior to completion.
This form a cost effective route to ensuring all works are completed on time with no reason for any further extension to the contract term and the ramifications that this may pose.
Retention Recovery
Given the current economic climate, it is of no wander that there are continuous retention disputes. This is sure to continue as clients withhold monies, often unnecessarily and undisputed.
The research group BSRIA showed that the countries leading M&E Contractors were owed a total of more than £600m by the end of 2007. Add traditional building contractors and other specialists, and the picture for retention disputes is massive.
Rententions are necessary, and will remain common place, as a means of security against the risk of failure or non-compliance by a contractor during the defects liability period. However, the retention system is open to abuse and it is not unusual for several years to pass before contractors receive the final tranche of retention. In addition, often contractors are discouraged from seeking the final payments in the promise of further work or they consider it too costly to recover the sums.
At 3SIXTY, our specialist construction consultants have wide knowledge of contract law in order to provide advice on the recovery of retention sums.
We operate on a fully transparent and incentivised basis with fees paid only once sums had been successfully recovered.
