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How repayments flowed in when Niagara dried up

By: Series: Construction News ; (6123) 5 July 2001, 48(1)Publication details: 2001Subject(s): Summary: 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.

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.