Projects - Risk Management

Project Sydney NSW

Subcontractor Financial Review


  • Local Council
  • Accommodation and conference centre
  • Value – $45m
  • Review structure and financial accounts


  • Local Council was funding a significant accommodation and conference centre in Sydney and requested a review of the subcontractor’s financial position and structure.
  • The income of the subcontractor was affected by Covid-19.
  • The subcontractor was self-insured.
  • Working capital was low for a company of its size.
  • 40% of creditors were over 90 days old.


  • Recommend that the Council insist on minimum level of working capital as well as a guarantee from the Head Entity.
  • Subcontractor to improve creditor repayments.


  • Local Council decided to appoint the subcontractor to complete the landscaping works.

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