debts hammer construction sector - BICB

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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: https://www.businessnews.com.au/article/Debts-hammer-construction-sector

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…The BICB is a great organisation whose members always look to be constructive and fair in any dealings they have with clients.
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Excellent service and support. I have known Wayne and the team for many years, and they are a mine of information…
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…Their hard work provides members with up to date and well researched information . …The monthly meetings are a great way to catch up with others in our industry and are always of value.
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