The administration of GCB Constructions could cause massive problems for future projects, piling further pressure on a troubled market, industry leaders say.
Kathleen Skene Follow 2 min read July 28, 2023 - 4:00PM
Gold Coast Bulletin
The administration of GCB Constructions could see future projects likely to be delayed or cancelled due to a lack of capable builders, placing further pressure on demand and prices, industry leaders say.
The Varsity Lakes-based building company went into administration on Wednesday, leaving construction of more than 500 apartments in limbo and untold debts to suppliers and subcontractors.
About 60 staff of the Varsity Lakes based company, which also has premises in Lismore, were told of the administration and terminated.
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