Guidance Note (Sourcing Playbook)

Corporate financial distress

In: Manage > Closing the contract

Overview

This Guidance Note provides a basic understanding of how to manage corporate financial distress for individuals engaged in the management of government contracts and, supports contingency planning to ensure departments have plans to manage continuity of supply.

Make sure you:

• read the Guidance Note and relevant Commercial Playbook
• seek legal and commercial advice in the context of specific procurements.

Additional support and guidance

Relevant areas of the Guidance Note at this commercial stage:

• Section 4.3: Insolvent options
• Section 5, Guidance: During a financial restructuring

Read the document

This applies to

• Manage > Manage and monitor
• Manage > Closing the contract