Insolvency and Recovery
The services offered from Baker Mallett to Insolvency Practitioners in respect of main contractors and subcontractors are briefly as follows;
Insolvency
This involves the preparation of reports covering all current contracts. Providing advice and services in respect of continuation or novation of current contracts. Settlement of final accounts and collection of outstanding balances and retentions.
Recovery
Preparation of report covering the firms current and future contracts, tendering procedures, estimated and actual profit margins, financial monitoring systems, outstanding final account balances, retentions, contractual claims etc and recommendations to help reduce overhead costs and improve profitability.
