New builders, $15 million bailout: Porter Davis collapse fallout continues Construction & Engineering Kaitlyn Offer 16 June 2023 About 1700 homes across Victoria and Queensland were left in limbo when Porter Davis suddenly shut in late March owing creditors $147 million.
How subcontractors can protect themselves when builders hit financial trouble Finance Greg Mawer 27 October 2022 When builders have financial challenges, it is often the subcontractors who bear the brunt.
“Thousands” of SMEs left in the lurch as Probuild collapses with $5 billion in outstanding projects Cashflow Emma Elsworthy 24 February 2022 Probuild has gone into voluntary administration after a problem-laden high-rise project drove it into debt, placing up to $5 billion in commercial and public sector projects in jeopardy.
