The owner of embattled builder Cooper & Oxley has broken his silence, hitting back at claims subcontractors were mistreated and revealing the cause of the companys financial difficulties.
Managing director George Hampel yesterday rejected claims the builder had used subcontractors as banks and owed them up to millions of dollars each.
Cooper & Oxley is not aware of any subcontractors that are owed $3.5 million, nor do (we) use them as a bank, Mr Hampel said in a statement.
The company takes pride in meeting its 32-day, end-of-month payment terms with contractors.
(We) have always operated in a transparent and ethical manner, endeavouring to ensure all business practices are carried out with utmost care and consideration.
The organisation is …
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