What you need to know to protect yourself against your construction contractor's insolvency.

After the high-profile collapse of Probuild and concerns a number of smaller tier two- and three firms are teetering on the edge, uncertainty is on the rise for developers looking to protect their projects from the ripple effects of major builder insolvencies.

So what do developers need to know to prevent, mitigate and manage the collapse of their builders before, during and after they “receive the call”?

The Urban Developer presents a practical masterclass exploring the critical industry, legal and project management essentials to protecting yourself in the worst-case-scenarios.

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Course Outline

1. The risk of construction insolvency in Australia

• The broader risk of insolvencies to the property and construction sector in Australia
• The greatest risks and how this will transpire through the sectors
• Government stimulus and what is the likely impact of these measures being removed
• Data sources tracking risks
• Outlook for 2022 and beyond.

2. The legal context for managing construction insolvency

• The use of deeds of warranties to protect downstream interests
• The impact of ipso facto laws on termination
• Contract administration tips and tricks
• How to manage subcontractors and consultancies.

3. Worst-case scenario: Managing a builder's collapse on-site

• Criteria for selecting the right contractors for your project
• How to spot the red flags before, during and after engaging contractors
• Supply chain assessments
• Risk mitigation and building a contingency plan
• What to do when you get 'the call’.

The presentations will be followed by an interactive Q&A moderated by Adam Di Marco, founder and CEO of The Urban Developer.