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ARTICLE · 03 OCTOBER 2023

Building With Confidence: Insolvency-Related Considerations For Principals In Building Contracts

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The current market conditions of the construction and project development sector may prompt extra attention to insolvency-related safeguards in building contracts with (sub)contractors.

NetherlandsReal Estate and Construction
Timo Huisman
Timo Huisman
Sophie Brandse
Sophie Brandse

The current market conditions of the construction and project development sector may prompt extra attention to insolvency-related safeguards in building contracts with (sub)contractors. Aiming to mitigate insolvency risks as much as possible, in this blog we discuss a few key considerations for principals to take into account when entering into building contracts with (sub)contractors.

Building with confidence: insolvency-related considerations for principals in building contracts

At the start of 2023 we looked back at the 2022 challenges facing the real estate sector, including the construction and project development practice. Such challenges are driven by economic and environmental factors as well as (plans for) legislative and regulatory changes. Also in 2023, these much-discussed challenges – such as the increased construction and interest costs, the nitrogen crisis and tax law changes as well as the uncertainty about, and feared consequences of, the plans

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