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All businesses incur debts. All businesses need to implement a system of credit control to maintain a healthy cash-flow. Problems occur when the debts fail to be paid or collected. Suddenly, there is a break in the credit control; a gap in the cash-flow.
All businesses incur debts. All businesses need to implement a system of credit control to maintain a healthy cash-flow. Problems occur when the debts fail to be paid or collected. Suddenly, there is a break in the credit control; a gap in the cash-flow. Businesses always have the option of pursing debts through the Courts using the litigation process however there are also a number of alternative dispute resolution (‘ADR’) options available. The three main ADR options for disputes in the construction sector are mediation, adjudication and arbitration:
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