How to build insolvency resilience
Construction News (UK)
AI Article Summary
The construction industry is facing challenges such as contractor failures, inflation, and a tougher surety bond market, prompting companies to enhance their strategies to avoid or mitigate insolvency within their supply chains. Building resilience increasingly requires a more profound understanding of supply chain dynamics.
What This Means for Canadian Contractors
For Canadian builders, this means increasing emphasis on understanding and fortifying their supply chain relationships to prevent disruptions. Particularly critical is navigating changes in the bond market and managing costs in an inflationary environment. This project shows how proactive planning can safeguard projects against financial uncertainties.
