Contractors, subcontractors and vendors can face significant payment delays after completing work or supplying materials. Running bills, retention amounts, variations and final settlements can sometimes create disagreements between the parties.
Maintain Project Records
Contracts, work orders, purchase orders, measurement records, invoices, delivery challans and completion certificates should be preserved throughout the project rather than collected only after a dispute arises.
Record Variations and Approvals
Additional work and changes to the original scope should be documented. Written approvals and correspondence can help establish what was requested and what payment was expected.
Project documentation should be maintained continuously, not reconstructed months after payment becomes overdue.
If payment remains outstanding, the agreement should be reviewed to identify payment terms, dispute-resolution clauses, arbitration provisions and other relevant conditions before choosing the recovery route.
Stop chasing old payments.
Share your outstanding-payment matter with DEBT RECOVER SERVICES and let the team assess the appropriate recovery approach.
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