Insolvent contractor

Signs that indicate that the contractor may be financially unstable include:
  • submission of a claim followed by a request for payment in a reduced period (maybe due to pressure from creditors)
  • overclaiming for work not yet complete or materials on-site but not fixed (particularly worrying where overclaiming occurs regularly)
  • subcontractors working more slowly than expected or not coming to site (perhaps they are not being paid)
  • job progress is generally unsatisfactory.
Should these or other signs of financial problems appear:

Recently Viewed

Termination rights and insolvency events
Project
5 October 2023
Waterproofing
Project
17 November 2021
Special Conditions for HIA New Homes: NSW
Project
24 September 2020
Performance Solutions
Project
23 August 2023
Non-residential building environmental rating tools
Environment
31 March 2016