Construction industry reeling as insolvencies soar even higher – building and construction news
More Australian companies are failing and the construction industry is faring the worst of all. During the nine-month period from 1 July 2023 to 31 March 2024, more than 7,700 companies entered external administration, a 36.2 per cent increase on the previous corresponding nine-month period ending 31 March 2023. According to the Australian Securities and…