Sizing up trouble
Language: English Series: Building ; 257(7728) 17 January 1992, 18-19(2)Publication details: 1992Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS45788 (Browse shelf(Opens below)) | 1 | Available | 55058-1001 |
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.