When a builder goes under: how subcontractors can protect themselves before and after
Builder and developer collapses hit subcontractors hardest, because they have usually done the work and are last in line to be paid. Most of the protection comes from what you do before the collapse, not after. Here is how to use it.
7 min read
Topic
Insolvency
Articles and news about Insolvency for Australian builders.
When a builder goes under: how subcontractors can protect themselves before and after
Builder and developer collapses hit subcontractors hardest, because they have usually done the work and are last in line to be paid. Most of the protection comes from what you do before the collapse, not after. Here is how to use it.
7 min read
Cash flow for builders: progress payments, forecasting and staying solvent in a turning market
Most building businesses that fail are not short of work; they are short of cash. How to structure progress payments, forecast properly, keep tax money separate, and spot the warning signs before they become a crisis.
7 min read
Bathla Group enters administration with 7,000 homes in its pipeline: what subbies and buyers should do
Bathla Group, a family-owned Sydney developer and builder with projects across NSW, South Australia and Victoria, has appointed Teneo as voluntary administrator. The steps subcontractors, suppliers and home buyers should take now.
6 min read
Protecting your business when a subcontractor goes under
A subcontractor failure is rarely sudden, and the builder usually carries the cost. Here is how to structure contracts, records and site controls so a subbie’s collapse does not become yours.
10 min read
Early warning signs of insolvency risk in your building business
Insolvency rarely arrives without warning. The trick is knowing which signals matter, and reading them in your own books as well as in the businesses you deal with.
10 min read