Managing the Risk of Insolvency in Construction Contracts

If you are in the middle of a project and your counterparty has, or you think they might, become insolvent, you may be at risk of losing money owed to you. There are a number of things that you can do to protect your business from this risk.

Published: November 2019
Pages: 3
BESA Product Code: LC 113

Guidance on how to protect your company in the face of a counterparty's insolvency covering areas such as:

  • What to do before the project starts
  • Stopping the work
  • Termination of contracts
  • What happens to goods and materials 
  • Cash flow and getting paid
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