The full impact of the financial collapse of a key arm of Department of Defence construction supplier St Hilliers remains unclear after the local firm called-in financial administrators for the second time in a decade after hitting the wall.
Whatever the outcome, its not great. Construction firms across the nation are buckling under the pressure of increased labour and materials costs, elevated finance costs and shrinking client budgets.
Administrators appointed to St Hilliers on Monday revealed its contracting arm, St Hilliers Contracting, had been put into voluntary administration without saying what the impact on Defence contracts would be.
The office of the deputy prime minister and defence minister Richard Marles was also silent to …
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