Insolvency Numbers for Construction Industry

Last month, BICB shared an article about the Construction Industry Insolvencies for 2021. In that article, our Executive Director, Wayne Clark presented a forecast for expected insolvencies for the sector from February onwards.

Insolvencies Construction Industry (Actual & Forecast)

Mth 20/21 NSW VIC QLD SA WA TAS NT ACT AUST
Jul 19 23 11 1 6 0 0 6 66
Aug 26 13 5 0 5 0 0 2 51
Sep 25 21 13 0 3 0 0 2 64
Oct 22 11 9 3 5 0 0 3 53
Nov 23 50 7 1 7 0 0 1 89
Dec 48 39 12 4 6 2 1 1 113
Jan 10 11 2 1 5 0 1 0 30
Feb 36 31 18 3 9 0 1 2 101
Mar 55 47 27 5 14 1 1 3 153
Apr 45 39 23 4 12 0 1 3 127
May 58 50 29 5 15 1 1 4 163
Jun 54 46 27 5 14 1 1 3 151
Total 421 380 184 33 102 5 7 30 1161

Based on data, his forecast for February was 101. ASIC recently published their insolvency report and the number for February was 101! It’s great when a forecast and actual match!

Clearly, excellent data that BICB has on hand underpinned these well researched predictions. It is worth noting all future Construction Industry Insolvency predictions.

Read ASIC’s full report.

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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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