abc.net.au/news/how-to-reduce-risk-two-major-building-company-collapses-pbs-ncm/102120526The liquidation of two major builders has prompted questions of what savvy customers can do — if anything — to avoid unwittingly signing a contract with a construction company in danger of collapse.
"It's extremely difficult to identify these problem companies because there’s such a lack of visibility across financials. There's no visibility at all," he said."But unfortunately, the data that's been submitted to them is [often] incorrect." "What we have is a dire situation in Australia, where most builders simply don’t understand their financials well enough," he said.
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