In episode 91 of The Subcontractors Blueprint podcast, host Jacob Austin heads long into the critical topic of adjudication in the UK construction industry. Adjudication, introduced in the late 1990s, is a fast-track dispute resolution process designed to maintain cash flow and prevent project delays. Jacob shares cautionary tales and real-life examples, highlighting common pitfalls and emphasising the importance of meticulous preparation and understanding of the process. He advises subcontractors to act swiftly, maintain comprehensive records, and seek expert assistance when necessary. This episode aims to equip subcontractors with the knowledge to protect their financial interests effectively.
KEY TAKEAWAYS:
BEST MOMENTS:
"Mistakes in adjudication can be costly and often impossible to fix later."
"If the procedures aren't followed, you're on the hook to pay up in full and then quarrel about the amount later."
"The lesson here for you as a subcontractor is to know your contract and its legal status."
"Courts only enforce adjudicators' decisions that meet minimum standards. Jurisdiction must be intact and natural justice observed."
"If you're in an adjudication situation, you must be armed with preparation, precision, and a healthy respect and understanding of the process."
Jacob is on a mission to help the 1 million SME contractors working within the construction industry. If you've taken something of value from this episode, please share the podcast with someone you know, and pass the value on.
HOST BIO: Meet Jacob Austin, a Chartered Quantity Surveyor with a rich background at construction industry giants Balfour Beatty, Kier, and Vistry Group. With extensive involvement in education, health, and residential projects spanning various scales, from £1000s to £100M in concurrent developments, Jacob brings a unique perspective. Having collaborated with numerous small businesses, he's now committed to sharing his expertise to drive their success. Join Jacob on his podcast, where he blends his profound insights and personable approach to offer guidance, industry secrets, and inspirational stories.
LinkedIn - www.linkedin.com/in/jacob-austin/
Instagram - www.instagram.com/qs.zone/
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