What is reverse factoring and why you should care
Cash may be king but cash-flow is the lifeblood of business – particularly small business. Payment terms have long been a concern for suppliers as different customers offer settlement on...
Author: Rosemary Tilley
Asbestos Concerns Threaten Cross River Rail
The Courier Mail is reporting that the CFMEU is raising concerns about asbestos contamination and handling on the $5.4Bn Cross River Rail project. It reports that photos and video obtained by...
Daracon to deliver Aerolab Stage 1
Daracon has been announced as lead contractor on the $13m stage 1 of the Astra Aerolab development near Newcastle. The project sits on a 76 hectare site adjoining Newcastle airport...
Scaffold Collapse Injures 5
Five workers have been transported to hospital with serious injuries following a scaffold collapse in North Melbourne on Monday. The four-story scaffold on a site in Craigieburn came down at...
Westgate Tunnel Project Sinking…
Project owner Transurban has this morning advised the ASX that JV contractors CPB and John Holland are seeking to terminate their contract to build the Westgate Tunnel Project. The project...
CIMIC Starts 2020 with a win
CIMIC has started the new decade in much the same way it ended the last winning $180m in mining services contracts. Subsidiary UGL has been named as the successful party...
ADCO wins $45m hotel redevelopment in Perth
ADCO Constructions has today announced that it has been appointed to redevelop the Parmelia Hilton Perth in a $45m upgrade of facilities. The project will renew the facade and guest...
150 to be retrenched as borer sits idle
Five months on from the discovery of PFAS contaminated soil on the Westgate Tunnel project, the two main tunnel boring machines (TBMs) remain idle with no certain plan for how...
Verve Constructions Joins List of Struggling Builders
Following the collapse of apartment builders Ralan Group and Stellar in 2019 another scalp has been taken in Melbourne based developer Verve Constructions. Verve was currently in various stages of...
CIMIC Cleans-up in Christmas Rush
Christmas has come early for constructor CIMIC with over $570m in contracts awarded in the lead-up to the traditional break. Subsidiary CPB has been confirmed on the $423m Metronet as...