When a main contractor goes insolvent mid-project, subcontractors should stick to the contract, submit all paperwork religiously, and stay in constant contact with the insolvency practitioner. The most persistent claimants get paid first. Check your contract for a non-preferred supplier clause that could block you entirely.
Chapters
You know, it's a tough situation when a main contractor collapses and you're due loads of money. There's no doubt about that. But the ones who get paid are the ones that have followed the contract, the contractual paperwork the whole way through. And when they get to this point in time, they keep submitting the invoices and they push really hard with the paperwork. It ultimately, when an insolvency firm comes in, it's the squeaky wheel that's gonna get paid. And if you're there banging them with paperwork nonstop, a sum of money that they're gonna give out to various different people, And you want to be one of the people that they give the money to at the end of the day. Also, in the contract that you sign at the start, you've got to make sure that you don't sign something silly that says that you're, you know, a non-preferred supplier down the line, which means that you're never going to get paid.