Tungsten Capital’s “No-win, No-fee” Claims and Dispute Resolution
Developed by leading international construction claims consultancy, Tungsten Capital, QuanturA© provides domestic and international construction companies, subcontractors and construction industry consultants with a unique method of funding and developing commercially viable construction and engineering entitlement Claims.
QuanturA© is the only company to provide Claimants with a true “no win, no fee” alternative to the traditional approach where Claims Consultants are paid their fees irrespective of their performance or the outcome of the Claim.
Similarly, the professional teams engaged in such projects often face Claims from their own employer following the submission of such Claims from contractors.
Traditionally, Claims Consultants undertake the preparation of Claims on some form of time-related fee basis.
The problems with the traditional approach
- Costs can be considerable and will only add to an already negative project balance sheet.
- The quality of consultant employed can never be guaranteed and, should they fail to perform to expectations, the failure will have an adverse effect on the outcome of the Claim.
- The risk taken on the quality of Claim, the time taken to undertake and complete the assignment and the financial risk of developing the Claim is borne entirely by the Claimant.
- Should the Claim ultimately fail to achieve its objectives, then costs of the Claim preparation exercise simply serve to heighten the overall project loss.