Main contractor perspective, subcontractor is insolvent, currently on a default notice for significant hindrance (not placing orders for plant required) .
Has come to light subs are likely to become insolvent.
Question is, does the current default notice require amending, if no longer terminating for stated R14 reasons ? Or do we need to amend for R1 - R10 reasons ?
Or is it better to pursue original default (due to terminate in 2 weeks) rather than wait for a notice in the Gazette etc ?
Also if we know they are likely to become insolvent, can we reasonable appoint others to carry out their works if no longer on site before the date for termination.