We were impressed by the attendance of a large number of senior executives and legal counsel from major construction companies in the region. In the current economic climate and with construction costs rising rapidly, there is growing interest – among contractors in particular – about how third-party funding can be used to monetise good legal claims and reduce cashflow and balance sheet pressures. Portfolio funding was therefore a hot topic of discussion.
Off the back of the event, Pinsent Masons published a highly informative article on third-party funding, which quotes Andrew’s contribution in relation to portfolio funding:
“In a portfolio, we look to offer the client capital in addition to the raw cost of the claims – it can be a simple source of cash for a business.”
Augusta is actively funding construction claim portfolios as well as a wide range of individual construction claims in arbitration, litigation and adjudication globally.
Get in touch with Andrew if you would like to learn more about this form of third party funding as a potential source of capital for your company.