A quantity surveyor (QS) is a specialist construction professional. A QS’s skills include expertise on construction contracts, claims, forms of procurement, contract and payment valuations, tenders, novations and as well as a range of other technical, construction related skills. This makes a QS imminently suitable to work alongside an IP - whether it be by providing pre-insolvency advice as part of an Independent Business Review or during the post-insolvency recovery phase.

Construction contracting is probably the most fertile of industries for insolvencies due to its very low margins and its ease of entry (and re-entry).  It is also one of the most contractually complex, and this has given rise to more contract case-law than any other.  From the contractor’s viewpoint, each job is a prototype.  It is usually a different end product, using different materials to a different design, in a different place, for a different client, under different terms and conditions.  Construction contracting is, in short, highly specialised requiring specialist support for IP’s.

National and International Coverage
The CBR IP Support Team operates from six offices around the UK including London, Leeds, Glasgow, Manchester, Birmingham and Bristol. Resources from other Davis Langdon offices (nationally and internationally) can also be mobilised at short notice.

This equips our specialist IP Support team to work in support of IP’s on larger, more complex appointments including national and international contracting organisations.

Our Insolvency Practitioner Services include:

• Review of the Company’s financial records to verify the overall book debt position
• Calculation of ‘Best’ / ‘Worst’ range of estimated realisations for Book Debts
• Working with Company’s Directors and staff to prepare ‘sales pack’ information on ‘live’ contracts
• Assisting and negotiating Novation agreements for sale of contracts
• Liaising with the Insolvency Practitioner to notify the Company’s debtors of the trading status and financial position
• Assisting with recovery / collation of company records relating to contract debtors
• Pursuing recovery of contract Book Debts
• Assisting the appointed Insolvency Practitioner to review any legal action necessary to recover disputed book debts
• Where instructed, assisting the Insolvency Practitioner with the review and settlement of sub-contractor and supplier creditor claims.