How repayments flowed in when Niagara dried up

Crossman, H.

How repayments flowed in when Niagara dried up - 2001 - Construction News (6123) 5 July 2001, 48(1) .

Examines the case of "Niagara Mechanical Services International (in administration)" (2000) when a contractor, Canary Wharf consortium, was responsible for the design and construction of an office building. A year into the project, sub-contractor Niagara became insolvent. Article looks at the options available to a contractor in order to make sure that a project is completed after a central sub-contractor becomes bankrupt.


Insolvency
SUBCONTRACTORS
PAYMENTS
NIAGARA MECHANICAL SERVICES INTERNATIONAL
REPAYMENT
CANARY WHARF
FINANCIAL OBLIGATIONS