Major building company collapses months after controversial move

has been struggling as supply issues fuel rapidly rising material costs, obliterating the profit margins of buildersA number of Oracle customers claimed the company had asked them to pay more on top of the fixed building contract price of their projects.“Anyone can sell a dream, but making it happen - these guys aren’t real good at it,” Logan-based customer Scott Wilson told 7NEWS in April.

Another client, Dale Liston, said Oracle asked him to stump up another $40,000 on his original quote.Your cookie settings are preventing this third party content from displaying.

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'Massive greed': How the construction industry entered a loss-making boom and why more builders will go bustThe demise of Australia's construction industry was caused by speculation and greed, major developers argue, with more builders tipped to collapse over the next 18 months, leaving consumers in significant trouble. Yes reckon we will see a lot more of this … many firms would be trading insolvent and not telling customers until it’s too late Only a matter of time before Blackrock and Vangard move in to take their share. how good was HomeBuilder?
Source: abcnews - 🏆 5. / 83 Read more »