Gold Coast building company Condev has announced its collapse and will appoint a liquidator to manage the company's affairs.The collapse follows Probuild's earlier this year, which experts said was a sign of things to come
"We are absolutely devastated for the Condev family of employees, our tradespeople and our affiliates," Mr Marais said. "Although we are instructed that the company is currently solvent, the decision was made based on forward projections dictated by increasingly challenging market conditions including the exponential rise in material costs," Mr Cronin said.
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