Construction companies on the brink: Tune in to uncover the three critical reasons construction companies are facing closure. Learn, adapt, and ensure your construction business stands strong against the odds!

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Timestamps:

(1:20) - 26% of all insolvencies or bankruptcies are coming from the construction industry

(2:35) - What is causing all of the insolvencies? Why is the construction industry having this particular issue at the moment?

(4:37) - Generally across the world, interest rates are going up

(5:47) - Most construction companies go out of business because of cashflow

(7:03) - We want to have a termination clause in the contract that allows you to terminate them if they don't pay you

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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3 Critical Reasons Construction Companies Are Going Out of Business [Spotify Video Episode] | Ep. 249

Construction Secrets