Insolvencies – When Will the Dam Burst?
Since July of last year, we have witnessed a period of rapid growth in domestic construction activity in Australia. This rapid growth has caused significant supply and demand issues within the Australian building & construction economy. For many builders, this period of high activity has become a ‘profitless boom’ that is causing a great deal of physical and emotional stress within the industry. We explore the questions; “Will these pressures lead to an increase in business failures?” “If so, when is this likely to start?”
From a credit management perspective, we are approaching a volatile time in the Building & Construction Industry.
If you’re not a member of BICB and would like to talk further on how membership of BICB can guide you through this period, please reach out.
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