Our Executive Director, Wayne Clark and Patrick Schweizer of Alares Systems Pty Ltd made contributions to this insightful article ( https://helix.legal/insight/construction-industry-parties-will-be-impacted-when-the-ato-emerges-from-its-recoveries-hibernation/) by Michael Chesterman at Helix Legal about the looming crisis of impending insolvencies in the construction industry.
Insolvencies in the Building & Construction Industry are coming.
This must read post by Michael Chesterman shares a factual yet impassioned article from his past experience as Compliance Manager of the industry regulator, ‘As the person responsible for the suspension or cancellation of contractors’ licences for not meeting the financial requirements, I witnessed the devastating impacts of insolvency up close and personal.
I want to contribute towards finding meaningful solutions to this problem that has plagued the industry for decades.’
Credit management during this season will be challenging.
BICB has the credit management solutions to navigate this situation.
Please call us today to discuss becoming a member and we can show you how being a member will give you vital information to make informed credit management decisions. Ph. 1800 931 221.