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What Happens To Subcontractors When A Main Contractor Becomes Insolvent?
When a main contractor becomes insolvent, it rarely affects just one business. Subcontractors, suppliers, and smaller firms further down the chain are often left exposed - sometimes for work that's already been completed, sometimes for retentions that were meant to be released months ago. If you're a subcontractor wondering what happens to unpaid invoices and retentions when a main contractor goes under, here's what you need to know. In short: unpaid invoices and retentions o

Jamie Sedgwick
5 days ago5 min read
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