Weighing up the factors when it comes to debts
Crossman, H
Weighing up the factors when it comes to debts - 2001 - Construction News (6713) 26 April 2001, 37(1) .
Reports on the use of factoring in the construction industry, a process which involves the sale of debts to a factor with the aim of improving cash flow, and is often adopted by subcontractors awaiting payment by main contractors. Emphasises that contractors should be aware of factoring and its potential implications such as being an early indicator of a subcontractor's insolvency, but also highlights that it can be adopted by solvent firms to effectively manage cash flow. Case law.
FACTORS
Insolvency
DEBT MANAGEMENT
CONTRACTORS
SUBCONTRACTORS
CONSTRUCTION INDUSTRY
Weighing up the factors when it comes to debts - 2001 - Construction News (6713) 26 April 2001, 37(1) .
Reports on the use of factoring in the construction industry, a process which involves the sale of debts to a factor with the aim of improving cash flow, and is often adopted by subcontractors awaiting payment by main contractors. Emphasises that contractors should be aware of factoring and its potential implications such as being an early indicator of a subcontractor's insolvency, but also highlights that it can be adopted by solvent firms to effectively manage cash flow. Case law.
FACTORS
Insolvency
DEBT MANAGEMENT
CONTRACTORS
SUBCONTRACTORS
CONSTRUCTION INDUSTRY