When it comes to recovering unpaid debts in the construction industry, choosing the right partner can make the difference between writing off a loss and maximising recoveries. While many general debt recovery agencies offer broad services, construction debt is unlike any other. Its complexity, unique structures, and technical nuances demand a specialist approach. A construction debt recovery specialist, to be exact.
The Complex Nature of Construction Debt
Construction projects involve a web of contracts, subcontracts, retentions, variations, and work in progress. Unlike standard B2B debts, these ledgers are rarely straightforward. Retentions can remain unclaimed, valuations are disputed, and insolvency events are common. Without industry-specific knowledge, valuable funds can easily be overlooked.
That’s why we built CRS specifically for the construction market. Our team isn’t just made up of debt recovery professional; we also have quantity surveyors, project managers, and construction specialists who know how to unpick even the most complicated ledgers. This blend of experience is exactly what sets us apart as a true construction debt recovery specialist.
The Risk of Using a Generalist
A generalist debt recovery firm may be effective at chasing standard invoices but often lacks the technical ability to interrogate construction contracts. This means:
• Retentions might be missed.
• Work in progress can be undervalued.
• Complex disputes may be left unresolved.
In some cases, this leads to recoveries being written off prematurely – money that could have been brought back with the right expertise. A construction debt recovery specialist knows where to look and how to push back, even when the numbers look grim.
Real-World Results from a Specialist Approach
Our case studies demonstrate the difference. In one instance, a ledger initially thought to be worth £180,000 actually delivered recoveries of over £285,000 once we identified hidden retentions and revalued work in progress. In another, a ledger flagged as “unrecoverable” was turned around to generate almost £200,000 in just three months.
This isn’t luck. It’s the result of understanding the construction market inside out, and it’s why businesses choose a construction debt recovery specialist over a generalist.
What Our Clients Say
Our testimonials speak for themselves:
• “CRS provide optimum solutions to complicated and difficult issues.” – Insolvency Adviser
• “Every job is complicated… the technical advice CRS offer is invaluable.” – Licensed Insolvency Practitioner
• “Professional, efficient, and maximise all recoveries.” – Partner, National Firm
Time and again, businesses choose us because we not only chase debts, we understand construction.
Why Choosing a Specialist Matters
In construction, cash flow is everything. Delayed or lost recoveries can put immense strain on businesses and projects. By working with a construction debt recovery specialist like CRS, you’re not just recovering what’s owed, you’re safeguarding future stability.
Take Action Today
If you’re holding unpaid invoices, disputed retentions, or an entire ledger that feels uncollectable, don’t let it gather dust. Submit it for a free ledger review and let us show you what’s truly recoverable.
👉 https://www.contractrecovery.com/free-review/
