Tuesday, 23 July 2019 The construction industry is disproportionately represented in corporate insolvencies, representing 23% of all external administrations despite accounting for only 8% to 10% of the national GDP. Developers, with their finely tuned feasibilities, assume considerable counterparty risk when entering contractual relationships with contractors who are entrusted to deliver their projects on time and on budget. Whilst a large proportion of construction insolvencies are experienced at subcontractor level, it is when a head contractor falls into external administration that the full effect is felt on the profitability of a d