Another Victorian building company has gone bust, weeks after the collapse of one of Australias largest home builders, Porter Davis, and construction firm Lloyd Group.
Award-winning builder Mahercorp announced it went into voluntary administration on Friday, affecting more than 700 homes, as the industry continues to struggle amid the cost of living crisis.
In a letter to clients on Friday, chief executive Steve Maher blamed unprecedented challenges but said the company, which oversees builders Urbanedge and Eight Homes, had not collapsed.
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My intention is to work with the administrator on a plan that I hope allows us to restructure the business, creating a more sustainable footing a…
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