Just a thought....
Occasionally I end up with some developers dodging payment on ground
investigation reports, validation reports etc etc.
Thankfully not on a regular basis!
Now obviously we do the work to our best ability and back it up with the
professional indemnity cover as an insurance policy.
SO.... when a client doesn’t pay unsurprisingly our insurance won’t cover
anything.
Who would be left with a problem if things did go wrong? I've got a part
2a site on my desk at the moment where the previous consultant did
get it very wrong... expensively wrong £1m+
the question is - should the regulators be looking to see if
the 'warranty' will stack up on a site as part of their own due diligence?
and if I advise regulators of sites where an unpaid report exists and
therefore won't be warranted by us what would their response be to that
developer?
I know what the NHBC response would be - they use our warranty to
mitigate any risk to themselves.
Thoughts please
Best Regards
Marc
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