locked-in price contracts

A building company that sensationally collapsed earlier this month after it shut down its website and abandoned its construction sites has millions more debt than was first expected. On March 7, PBS Building, a multimillion-dollar firm…

Two more building companies have collapsed less than a week after the construction sector was shaken by the collapse of a multimillion dollar firm with a foothold across three states. Queensland-based National Construction Management Pty…

A Queensland family is concerned after getting into $640,000 debt for a townhouse only to learn their builder is “teetering on the edge of ruin”.PBS Building, a multi-million dollar firm which does a mix of commercial and residential…

A prominent Australian building company spanning across three states is “teetering” on the edge of ruin, a top union member has warned. PBS Building, a multimillion dollar firm which does a mix of commercial and residential projects, is in…

This year is slated to be the worst in over a decade for the residential construction industry, as cash-strapped Australians opt out of building their homes, which will lead to a massive slowdown in the sector. That’s according to the…