Protect safety and evidence first. The award and statutory obligations do not simply disappear because the building owner is insolvent, but practical enforcement and completion may become difficult. Existing security for expenses, insurance, site protection and the identity of any insolvency office-holder become important immediately.
A sale can change who is the statutory 'owner' and therefore who can exercise rights or bear obligations. Do not assume every notice, consent, appointment or award automatically operates in exactly the same way after completion of the sale; check the timing, the interest transferred and the remaining works.
Make the site safe and identify what protection or temporary works are required. If statutory work has been abandoned or is not being prosecuted with due diligence, the continuing effect of the original notice and award should be reviewed; security for expenses may also be relevant if it was obtained.
That matters. Work executed under the Act should follow the plans, sections and particulars agreed or determined, and section 7(5) restricts deviations unless they are agreed by the owners or surveyors or determined under section 10. Material unauthorised departures should be raised promptly.
The Act links the effectiveness of relevant notices to commencement within the statutory period and prosecution with due diligence. A prolonged or abandoned project can therefore require a fresh review of whether the original notice can still be relied on, rather than assuming it lasts indefinitely.