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Construction subcontractors facing cash flow crisis

by administrator · Comments 0

“Thousands of construction subcontractors are facing a cash flow crisis after several firms doing major government contracts failed in the past two months.

In the construction industry the impact of corporate failure spreads far and wide, with changes to industry work practices in recent years seeing subcontractors replacing employees.

Debt recovery specialist Glen Bower says thousands of subcontractors are vulnerable and that many are small, family-run businesses that depend on a cash flow.”

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Filed Under: News Tagged With: Bankruptcy, cash flow, Subcontractors

Filed Under: NewsTagged: ,Bankruptcy, cash flow, Subcontractors
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