More construction companies might be heading towards insolvency because of a cash flow crisis and global material price increases across the board.

The home building end of the market is also struggling, with some builders offering cash payments to clients because they can't meet fixed-price contracts.

"Construction is not in the game of banking, it's in the game of building things, and we need to change our approach there ... but also the risks we ask contractors to take," Australian Constructors Association CEO Jon Davies told Gareth Parker on 6PR Breakfast.

More construction companies might be heading towards insolvency because of a cash flow crisis and global material price increases across the board.
The home building end of the market is also struggling, with some builders offering cash payments to clients because they can't meet fixed-price contracts.
"Construction is not in the game of banking, it's in the game of building things, and we need to change our approach there ... but also the risks we ask contractors to take," Australian Constructors Association CEO Jon Davies told Gareth Parker on 6PR Breakfast.

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

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