Subcontractor payments reforms: Builder battle brews with government
The country’s largest contractors warn planned protections for subcontractors would deprive them of cashflow and trigger unintended consequences.
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The country’s largest contractors warn planned protections for subcontractors would deprive them of cashflow and trigger unintended consequences.
The Australian Financial Review reached out to construction industry leaders to discuss insolvencies, risk and security of payments.
The NSW government is looking for a more collaborative procurement on its ‘most complex property deal’ of recent times.
The chairman of one of Australia’s largest builders says the country’s system of contracting risk will send more construction companies to the wall.
Not all of the current changes will be permanent, but the system that emerges from three years of pandemic will have a deep bearing on the industry.