Guide to insolvency in the construction industry
Produced in partnership with Gurbinder Grewal of Dentons , Ian Fox of Dentons and Michael Wright of Dentons
Practice notesGuide to insolvency in the construction industry
Produced in partnership with Gurbinder Grewal of Dentons , Ian Fox of Dentons and Michael Wright of Dentons
Practice notesThis Practice Note considers common issues that may arise out of Insolvency in the construction industry. It considers the effect and relevance of adjudication as a recovery method where insolvency may be imminent, and contains some practical tips on steps that can be taken in the event of a party’s insolvency.
This Practice Note contains general tips and advice and, as such, will not be applicable to every insolvency situation experienced in a construction context. This Practice Note should be considered carefully alongside the relevant facts of each case.
Introduction to the construction industry and construction Procurement
There are often a large number of participants with different roles on any one construction project. A non-exhaustive list of those participants is set out below:
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employer—the person or entity that wants the construction project to go ahead and commissions other professionals to carry out the work. The employer can be a public or private-sector entity and is also often called ‘the client’
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architect—usually
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