Unfortunately, in these hard economic times, incidences of insolvency are increasing.
Insolvency in the Construction Industry
The risk of insolvency within the construction industry is always a concern, given the nature of the industry working to tight margins and the interrelationships of many Parties in the supply chain. This is even more so as the industry continues to rebuild following the recession and companies face financial difficulties due to increased workload and reduced staffing levels.
CDR has extensive expertise in building related insolvency. Our team are experienced in working alongside insolvency practitioners in fund collection and also addressing Employers, Contractors and Suppliers on how to deal properly with insolvency should it occur on their project.