The Australian building industry is now in full on “crisis” mode with warnings the country’s biggest builder Metricon is on the brink of collapse.

by BoatSurfer600

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The Australian building industry is now in full on “crisis” mode with warnings the country’s biggest builder Metricon is on the brink of collapse.

If Metricon fails it will join a long line of recent construction collapses including big name firms such as Probuild and Condev.

A “perfect storm” of factors – from supply chain issues to instability caused by Covid – is smashing the industry leading major building projects worth billions of dollars to come to a grinding halt and to blow outs on some home construction projects by as much as $100,000.

On Wednesday, it was reported that Metricon was in emergency talks with clients after falling into financial strife just days after the sudden death of co-founder Mario Biasin.

Source: www.news.com.au/finance/business/other-industries/metricon-crisis-gripping-building-industry-as-big-names-fail/news-story/88a64c3583cc55909401c0d2e8c158fe

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