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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: