INSOLVENCY IN THE CONSTRUCTION INDUSTRY: CAUSES AND TYPES

A company is said to be insolvent when it is unable to pay its debts. This is a common occurrence within the construction industry and it can be attributed to many reasons. Some of which are as follows: 1.The ease with which construction businesses are created especially its initial low capital investment often results to

MAJOR CHALLENGES FACED BY CONSTRUCTION COMPANIES IN NIGERIA

  In Nigeria, construction companies are often faced with challenges that inhibit them from efficiently accomplishing their tasks. Even when they do accomplish these tasks and construct the structures intended, there is the problem of low quality hence, demolition of the structures and/or abandonment of projects without completion. And, when these infrastructures are left incomplete,