The construction industry is notorious for having a high number of corporate insolvencies – and the numbers are almost certainly set to rise following the impact of the coronavirus pandemic.
In this webinar, we will use interactive financial risk models to demonstrate the impact of an insolvency event – including practical tips to help mitigate the issues.
We will show the financial impact to the supply-chain, and examine how contractors are able to influence the payment flow to improve their cash flow. We will discuss the use and preparation of ‘Living Wills’ to assist clients and building promoters to prepare for an insolvency event, and explain how the various financial instruments and contract terms and conditions can assist them to mitigate the impact of a contractor insolvency.
The webinar event will be hosted and run by Amanda Bucklow and Richard Winson of the Construction Investigation Group. The event will include a ‘breakout room’ session straight after the talk to allow you to explore and discuss the ideas raised with other professionals in the CIG team.
At the end of the Masterclass session you will have a good understanding of:
– Causes of insolvency in construction
– Signs of distress – and what are the warnings
– Practical implications of an insolvency event
– Impact of ‘over-value’ and manipulation of payment flow
– Financial protection methods – including performance bonds, parent company guarantees, and collateral warranties
– Carrying out appropriate due-diligence on contractors, and use of ‘Living Wills’
The Event will be held on Thursday 1st October (11:00 – 12:00 BST)
Tickets are £35.00 and are available to purchase on eventbrite via the below link: