A large construction firm specialising in building schools and other government infrastructure is in administration, the second firm within 24 hours to collapse as mounting pressures in Australias building industry reach a crisis point.
Civil design and building firm Lloyd Group, which has 59 projects under way and 200 staff, was placed into voluntary administration with Deloitte on Friday morning, joining major home builder Porter Davis in the financial doldrums.
Lloyd Group lists dozens of school buildings among its completed projects.Credit:iStock
Lloyd Group lists dozens of school buildings among its completed projects, but the firms liquidators would…
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