debts hammer construction sector - BICB


Debts Hammer Construction Sector

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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:

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