Fraud and corruption cost the Australian construction industry more than $5 billion during the past year, according to a new report from accounting firm Grant Thornton.
The managing director of collapsed Perth building firm Gavin Construction made an unsuccessful last-ditch bid to recover a failed Karratha laundry project just weeks before appointing administrator
Perth builder Gavin Construction has officially ceased trading, capping off a horror month that has seen six significant Western Australian businesses in contracting, engineering and mining fall into administration or receivership.
Twelve months ago precision engineering firm Pressure Dynamics was proudly showcasing its new premises and looking forward to growth. It's now in receivership.
Luke Saraceni's Westgem Investments has been placed into liquidation, following a heated creditors meeting in Perth this morning in which leading insolvency experts argued over who should be appoin
NEXT year may be the year of the insolvency practitioner but the sector was certainly gearing up for business in 2008 as the older hands of the sector recognised the signs of a stumbling bull market.