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The Hidden Financial Risks in Construction Projects #shorts
KO Form Pty Ltd (along with related entities Form Structures & Labour and Reinforced Concrete Structures) has reportedly collapsed under $21.6 million in debt.
This was a major Queensland formwork contractor working on Gold Coast and Brisbane high-rise projects.
Yet we’re constantly told Queensland construction is “booming.”
If the industry is booming, why are companies carrying tens of millions in debt before collapsing?
Maybe it’s time we stopped measuring success by cranes on the skyline and started measuring whether the businesses actually building Australia can survive.
“Booming” shouldn’t end in liquidation.
Discover how cash flow issues and delayed payments can cripple subcontractors, leading to massive debts and project failures. It’s a complex chain where one link breaking can bring down many.
#ConstructionFinance #ProjectManagement #Subcontractor #BusinessRisks #CashFlow
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