Work on Birmingham’s £100m mixed-use development, The Cube, is continuing as normal after its developer went into administration.
Last week Birmingham Development Company and its contractor BuildAbility were forced into administration after failing to agree a refinancing deal with Lloyds bank.
Administrator Pricewaterhouse Coopers this week sent letters to all subcontractors urging them to return to work as normal.
They also guaranteed payment for all receipts in February and March and it is hoped a deal can be thrashed out either with Lloyds TSB or a private investor to fund the completion of the job.
The Birmingham Development Company was forced to take on construction of the project itself in 2006 after Taylor Woodrow unexpectedly pulled out.