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Main Contractors and Possible Construction Downturn – Be Prepared

The construction media has been reporting for many months now about the precarious financial position of some key main contractors.  The forward view for the construction sector is also uncertain. Whether we will see a strong downturn or stagnation is not yet clear. However, indications are that the 2nd half of 2019 could be difficult.

This memo provides some reminders for members that could be used as checklists within a company to protect themselves against a downturn and / or a main contractor becoming insolvent.

 

Sarah McCann-Bartlett
Director General

Tel:  020 7747 8127
Mobile:  07515 574 551
Email:  sarah.mccann-bartlett@steelconstruction.org