Financial Management

What should I do if I am running out of money before construction is complete?

Update the forecast of all committed and remaining costs and speak to your lender or a financial counsellor early. Before reducing scope, check the contract, approvals and cost of changing or stopping work. Arrange advice on keeping the site safe, protected and appropriately insured. Extra borrowing or termination can create further costs and obligations. Obtain financial and legal advice appropriate to your circumstances before committing.

Official sources:

General information only. Requirements vary by state or territory and change over time, so check the current rules for your location.

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