The other victims of unscrupulous building industry operators

  • 📰 theage
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Consumers’ hopes, dreams and cash aren’t the only things turned to ash by phoenixing. Subcontractors are often the main victims of these unscrupulous operators; left millions of dollars out of pocket in unpaid fees with no avenue for redress. | OPINION

Consumers’ hopes, dreams and hard-earned cash aren’t the only things turned to ash by phoenixing, a practice which is all too common in the construction industry and sees companies go into liquidation to avoid paying bills only to re-emerge weeks or even days later under a new name and ABN.

Typically, on a project there is a lead contractor or developer that tenders for all the work involved in a development. Once successful, this party then divides up the work required on the project and subcontracts it out to specialist firms – an electrical contractor gets the electrical work, the glaziers get glass, and so on.

That this can still go on shows we have a long way to go before we will be close to restoring trust in the construction sector.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 8. in PT

Portugal Últimas Notícias, Portugal Manchetes