Building and Construction Insolvency in 2021
In the latest newsletter from NCI – National Credit Insurance, the company opens with these statements:
“Insolvency rates plummeted in Australia throughout 2020 and this was a stark contrast to what was predicted as the pandemic was taking hold in early 2020. Many economists were grappling with what this meant for businesses and how they would be impacted into the future. Wayne Clark, Executive Director at Building Industry Credit Bureau was doing just that, working through how this pandemic would impact his members in the building and construction industry. Wayne tracks insolvencies and predicts trends based on a combination of data sources specific to the building and construction industry.”
Please read this insightful interview by Nathan McQuade, Sales Manager, QLD at NCI of Wayne as he shares what he is seeing in the market and what he believes will unfold in the future.