Appointment of voluntary administrators to Probuild highlights challenges faced by industry

The building and construction industry in Australia is no stranger to challenges, however those who do not learn from past mistakes, or the mistakes of others, run the risk of failure, as discussed by Will Colwell, Ryan Eagle, Amanda Coneyworth and John Lindholm.

The appointment of voluntary administrators to Probuild came as a shock to the construction industry as the most recent large-scale corporate failure in the Australian building and construction industry since Grocon in late 2020 and Privium in late 2021. The Probuild group of companies competed with other tier-one building contractors and reports indicate that at the time of voluntary administrators’ appointment, Probuild had 786 employees with entitlements of over $14 million and 2,300 cred...

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Authors: Will Colwell, Ryan Eagle,

Published Date: 15 March 2022