debts hammer construction sector - BICB

Debts Hammer Construction Sector

Our Executive Director, Wayne Clark was interviewed by Matt Mckenzie of Business News as part of the story on two leading construction businesses in Western Australia, Pindan and Jaxon going under.

A rapid swing in momentum in the WA construction market has toppled businesses, and there are signs more could follow.

The recent collapses of Pindan and Jaxon with combined debts of $90 million shocked observers in WA in a construction market that is white hot.

But the speed with which that hot market accelerated is a contributing factor to the pressure in the industry.

Read the full article in Business News: https://www.businessnews.com.au/article/Debts-hammer-construction-sector

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Wayne Clark - BICB

I grew up in a family that was involved in the Building Industry, my father owned a Structural Engineering business called Australian Fabricated Industries (AFI). For the past four decades I have worked in various management rolls including a large private school and national building industry supply businesses.

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