When a Main Contractor Fails: Protecting a Subcontractor Client’s Position

Main contractor insolvency: a subcontractor's exposure, retention and VAT bad debt relief

Introduction The call usually comes on a Monday. A groundworks client has heard from the site manager that the main contractor has gone into administration over the weekend. The gates are locked, there is £86,000 of certified work unpaid, another £40,000 of work since the last valuation, £31,000 of retention, and a skip full of […]