Contract Delays, Failure & Hibernation

This paper discusses the characteristics and circumstances surrounding stalled, distressed and financially troubled projects where the client may be looking to either:

1. Suspend or hibernate the project indefinitely due to lack of either finance, cashflow or future demand,

2. Forced change of contract (or significant subcontractor) to ensure a financially stable supply chain,

3. Restart the project after a period of suspension.

A synopsis of circumstances / dynamics that project governance boards should consider as they review their positions are outlined in this article by Frequency. 

 

 

By |2020-05-14T15:46:47+12:00May 14th, 2020|Article, Community, Projects|0 Comments