Among other topics, Andrew discussed the shortage and increasing price of construction materials:
“What we’re seeing is significant impacts on the financial position of contractors who are procuring materials at an increased cost. It’s impacting their cashflow and it’s driving them to look at [third party] funding as an alternative source of finance to keep them going.”
Andrew adds:
“The advice for contractors is to think about your claims as a potential asset that can be used to obtain some much needed capital for the business at this time.”
Watch the full discussion: ‘Duty of Good Faith in Construction Contracts’ and ‘Hot Topics in Construction Arbitration’ (The ‘Hot Topics in Construction Arbitration’ section, to which Andrew contributed, starts at 1:09:23)
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For any questions regarding the topics raised, please contact Andrew Roberts or a member of our team of litigation funding experts.