“I’ve understood from GRK’s comments that in Stegra’s case, they weren’t particularly concerned about their receivables. These are generally well-secured in the payment milestone system commonly used in infrastructure construction, as long as the contractor doesn’t voluntarily start acting as a financier for a developer in distress. In a normal situation, payments come in as sub-units are completed, and when the money stops flowing, work also stops quite quickly. Therefore, the uncertainty has primarily focused on whether the work agreed upon for the end of the year will be completed – as you also stated.”
2 Likes