In a year marked by financial strain, debt recovery has become a cornerstone of business survival in construction. Assure Global Plus (AGP) offers tailored, ethical, and effective solutions to help businesses safeguard their cashflow and navigate uncertainty with confidence.
Navigating Financial Risk in a Tough Market In 2025, Australia’s construction and trade sectors are under pressure like never before. With record insolvencies, rising operating costs, and ongoing economic uncertainty, managing receivables has become a critical business function. It’s not just about chasing payments it’s about protecting your cashflow and ensuring long-term sustainability.
“Delayed payments don’t just hurt your bottom line – they ripple through the entire supply chain.”
The Debt Collection Imperative
Recent industry analysis reveals that construction and trades leads the nation in insolvency rates. Over 3,200 companies entered administration in 2024 – a 26% year-on-year increase, according to ASIC. This has caused widespread cashflow disruptions, affecting everyone from principal contractors to suppliers and subcontractors.
Key drivers include:
• Labour shortages
• Project delays
• Legacy fixed-price contracts
The result? A single delayed or defaulted payment can leave downstream businesses financially exposed.
Debt Recovery Done Right: AGP’s Strategic Approach
Many construction and trade businesses lack the time or resources to manage debt collection effectively. That’s where AGP steps in – offering tailored, professional support that goes beyond standard collection services.
Our approach categorises debtors into three types:
• Will Pay (~80%): Late due to oversight or unforeseen issues. Soft collection methods work best here.
• Unwilling to Pay (~18%): Require negotiation, follow-up, and sometimes settlement discussions.
• Won’t Pay (~2%): Involve disputes, asset hiding, or fraud. These cases demand field work, asset tracing, and legal action.
“AGP’s tailored approach means faster recoveries and fewer write-offs.”
This system allows early identification of risk and enables cost-effective, targeted debt management – vital for businesses operating on tight margins.
Full-Service Debt Recovery for the Construction Supply Chain
Modern debt recovery is now a full-service offering, including:
• Early-stage collections
• Field services and admin support
• Skip tracing and asset location
• Litigation management
AGP services are customised for the construction industry’s unique challenges, from current and aged receivables to specialised asset recovery.
Why Outsourcing Makes Sense
Partnering with a professional agency like AGP delivers clear benefits:
• Faster payment cycles
• Lower internal costs
• Reduced bad-debt write-offs
• Regulatory-compliant practices
• More time to focus on core business
AGP adheres strictly to the National Collections Guidelines, the Privacy Act, National Consumer Credit Protection (NCCP) Act (where required), and ACCC and ASIC regulations, ensuring ethical and fair collections.
Legal Tools, Technology & Best Practice
Security of Payment legislation remains a key tool for fast-tracked adjudication of builder-subcontractor disputes. Meanwhile, digital credit reporting and debtor analytics help businesses spot risks early.
Best practices include:
• Running credit checks before offering trade terms
• Issuing clear, timely invoices
• Proactive follow-up
• Escalating to experts when needed
• Using legal support for complex claims
AGP can help you develop and/or strengthen any of these processes, tailored for your business.
Securing Your Business’s Future
In today’s climate, a disciplined approach to debt collection is essential – not optional. Working with experienced partners like AGP gives trade and construction businesses a competitive edge and peace of mind.
“Debt collection isn’t just about chasing payments – it’s about protecting your future.”
Learn more at assureglobalplus.com.au or call us on 1800 624 247.
