12:05PM How to manage subcontractor insolvency
During COVID-19 the Government has strongly signalled that SMEs may continue to trade whilst insolvent (and created supporting statute). The risk to builders and developers is that their subcontractors will fail once the COVID-19 safe harbour ends. What can be done pre-contract and post-formal insolvency appointment (e.g. voluntary administration) to ensure continued service is provided by subcontractors? After 6 months of many subcontractors trading whilst insolvent what’s going to happen next?
Ben Sewell, Principal, Sewell & Kettle