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InsightsPosts Tagged To The 'Construction & Engineering' Team

Construction & Engineering

‘Direct payments and construction insolvency’

Carillion’s entry into liquidation has resulted in many employers seeking to establish relationships with subcontractors, under which they will be paid directly in order to stay on site and finish the relevant project. However, establishing direct relations is not without risks, and requires safeguards for employers and subcontractors alike.

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Construction & Engineering

Insolvency and payment obligations in construction contracts

Carillion’s entry in to liquidation is likely to have ramifications for all the actors in the construction industry for some time to come. The most immediate impact will concern payments. The aim of the Housing Grants, Construction and Regeneration Act 1996 (amended by the Local Democracy Economic Development and Construction Act 2009 - generically, ‘the Act’) is to ensure that cash keeps moving in the construction industry, but what happens when a main contractor becomes insolvent?

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