Contractor insolvency has been a frequent occurrence in the Australian construction industry. It shows no sign of slowing down. For each ‘headline grabbing’ insolvency, there have been numerous insolvencies of smaller contractors and subcontractors. Insolvencies, big or small, have major repercussions on construction projects
It is often difficult to spot the warning signs in time, and to work out which steps to take, to prevent time and cost blow outs on a project. This cheat sheet will help you spot the warning signs and take steps to mitigate the consequences of contractors’ financial difficulties.
Download the Contractor insolvency cheat sheet here