The fall of Perth builder Clough into voluntary administration after more than a century in business marks the latest in a string of local builders to hit troubled waters.
Key points:
- WA building giant Clough has entered voluntary administration
- The administration is being overseen by Deloitte
- The delivery of several bigprojects is now in doubt
Having been responsible for major Perth projects like the Narrows Bridge, Graham Farmer Tunnel and many others across the state and world, their legacy now hangs in the balance.
But with an eighth consecutive interest rate rise,and growing economic pressures, the expectation is that this is just the tip of the iceberg.
Clough had been in financial difficulties, but there was hope that would be alleviated…
Read the full article at: https://www.abc.net.au/news/2022-12-07/clough-voluntary-administration/101740756