The Property & Construction sector is worth upwards of £3 billion, employs roughly 50,000 people, and makes up 6.8% of Greater Manchester’s economy. However, the sector has many quirks and complexities which, unfortunately, can lead to disputes.
The Covid-19 pandemic has had an unparalleled global impact. Across the world communities, businesses and people have all been affected. Some more than others either personally, financially, or both.
Huge sections of the economy have been put on hold and whilst business has continued, it is at a reduced level. A lot of the construction industry has continued to work under the government guidelines. However, the industry has been hit and this will have more severe impact on business activity in the coming months.
Feedback from our Property & Construction group at Greater Manchester Chamber says that main contractors are currently adding a COVID-19 clause to their contracts. This means clients will be liable, and could potentially cause some issues, in addition to worries such as payment timings, client demand and more. These could result in payment & contract disputes.
As part of our recovery plans for GM and our campaign ‘The Way Forward’ we will ensure ongoing support to keep business informed and engaged.
One service that could prove helpful to companies experiencing the problems outlined above is Chamber Mediation. A 100% virtual service, it is designed to settle disputes outside of the courtroom saving you cost and time. We have partnered with Paul Johnson one of the UK’s leading mediators of Exchange Chambers to deliver this service.
Find out more about Chamber Mediation here.