Sizing up trouble
Stewart, A.
Sizing up trouble - 1992 - Building 257(7728) 17 January 1992, 18-19(2) .
As the recession continues to bite, quantity surveyors are finding a new role advising the bankers of contractors enmeshed in financial difficulties. The initial decision required is whether or not to place the firm into receivership, or just to warn. In the former case, urgent action is required to assess the costs of either completing contracts, which will represent a company`s greatest asset, or abandoning the jobs in progress. The third option is to sell the business, for which a price will need to be calculated. The task is often complicated by the number of parties involved, and the presence of professional fees and complex warranties.
ASSET VALUATION
CONSTRUCTION COMPANIES
CONTRACTORS
Insolvency
QUANTITY SURVEYORS
Sizing up trouble - 1992 - Building 257(7728) 17 January 1992, 18-19(2) .
As the recession continues to bite, quantity surveyors are finding a new role advising the bankers of contractors enmeshed in financial difficulties. The initial decision required is whether or not to place the firm into receivership, or just to warn. In the former case, urgent action is required to assess the costs of either completing contracts, which will represent a company`s greatest asset, or abandoning the jobs in progress. The third option is to sell the business, for which a price will need to be calculated. The task is often complicated by the number of parties involved, and the presence of professional fees and complex warranties.
ASSET VALUATION
CONSTRUCTION COMPANIES
CONTRACTORS
Insolvency
QUANTITY SURVEYORS