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Supply Chain Insolvency – Keep your firm safe! – seminar

07 February 2019

Quigg Golden Maidstone, 1 Tonbridge Road, Maidstone, ME16 8RL

17:30 - 19:30

Construction projects run into real difficulty if one of the contracting parties involved becomes insolvent.

Whether it’s the Main-Contractor, the Sub-Contractor or even the Employer who goes insolvent, the effects for the whole supply chain can be devastating.

The recent plight of Carillion, and other major players in the industry, has provided a timely reminder, as if it was even needed, that no construction company is “too big” to become insolvent.

What can you do to protect your company or lessen the impact if you are affected?

This seminar will look at how the insolvency of a main-contractor can affect sub-contractors and what steps those sub-contractors should take to protect themselves, including:

  1. Insolvency provisions under a JCT sub-contract;
  2. Insolvency provisions under NEC3 sub-contract;
  3. Recovery of Retention and clauses to look out for in your sub-contract;
  4. Ownership of Goods and Materials; and
  5. Whether or not to finish the project?

Who should attend?

This seminar will be hugely beneficial to contractors, subcontractors, construction professionals, employers and contracting authorities.

Schedule

17:30 – Registration and refreshments
18:00 – Seminar begins
19:30 – Seminar concludes and Q&A.

Price

Quigg Golden seminars are free. However, we will ask you to support our chosen charity partners to raise funds for good causes with a £15 donation per person at the time of booking.

Insolvency in the Supply Chain Flyer

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