Updated ,first published
The potential collapse of one of Sydney’s largest building companies threatens to engulf its suppliers and contractors, sending construction costs soaring as the state struggles to meet its housing targets.
Teneo, the administrator of Bathla Group, has until Thursday to find $20 million to repay eight weeks of staff wages and fund near-complete projects. If it fails, Bathla will be shut down.
But the shockwaves of the company’s financial…