Construction lawsuits arise for a host of reasons, but in this post, we will take a closer look at payment disputes regarding construction projects. Contractors encounter many different problems as a result of payment disputes. Aside from the immediate financial consequences of these disagreements, many other potential concerns arise (such as losing clients, sustaining damage to one’s reputation, etc.).
If you are in the middle of a payment dispute, it is imperative to have a clear understanding of your legal options. Stand up for your rights and pursue the money you are entitled to (and defend yourself against false claims that you owe money when you do not).
Outstanding balances, contracts and other issues
Various factors cause payment disputes to arise over construction projects. Sometimes, these disagreements are the result of an outstanding balance, such as a contractor who has not received payments for their hard work. Contracts are at the center of many payment disputes, whether one party did not fully understand the terms of the contract before signing or someone believes that the other party failed to abide by the agreement. Back charge disputes, surety claims and change order disputes are also a concern for many contractors.
Protecting your business
It is imperative to handle a payment dispute properly, especially since these disagreements can lead to litigation. Sometimes, people are able to avoid a lawsuit by discussing these matters with the other party, but in other instances, going to court is unavoidable. Make sure you have a thorough understanding of your legal options and review our website for more on payment disputes.
