Insolvencies – When Will the Dam Burst?

Michael Chesterman, Patrick Schweizer & Wayne Clark

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.

If you are watching live, please use the form on this page to contact me.

Wayne Clark,
Executive Director

 

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