Issues to consider in a construction company collapse

It can be a shock when a builder on a project you are involved in finds itself in insolvency, but there are steps you can take to mitigate the impact, as outlined by Will Colwell, Ryan Eagle, Amanda Coneyworth and John Lindholm.

As government financial-assistance packages come to an end and we see increased supply chain, input cost increases and labour challenges, it’s likely we’ll see an increase in building and construction insolvencies, like that of Probuild and Condev. The insolvency of each builder has a flow-on effect to developers, sub-contractors, suppliers and other financial stakeholders who are likely to be left with a stalled project and large unpaid debts that may not be repaid in any material capacity....

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Authors: Will Colwell, Ryan Eagle,

Published Date: 19 April 2022