Much has been written in the media after several established building and construction companies have been liquidated this year due to rising material costs, supply chain delays, and labour shortages.
This perfect storm is causing mounting pressure on our industry.
The vast majority, if not all, of the state's builders, are experiencing a challenge to their profitability. We are calling it a profitless boom.
However, the number of building and construction insolvencies in 2022 must be put into perspective.