| Abstrakt: |
The collapse of construction contractor ISG, which filed for administration, has raised concerns in the industry. Stakeholders are facing challenges with incomplete contracts and ongoing operations. Lessons include limiting exposure when contractors go bust, options for finishing projects, and the importance of early detection and preparatory advice to mitigate catastrophic impacts. The industry is learning from past failures like Carillion's collapse, emphasizing the need for careful planning and risk management in the face of economic uncertainty and complex project delivery. [Extracted from the article] |
