INDUSTRY NEWS

April 3, 2020 By subbiesu Leave a Comment

QBE Does Backflip After Withdrawing Cover Mid Contract

Kudos to QBE for listening to the concerns of their customers after immense pressure was applied from many sources when they withdrew Trade Credit …

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April 2, 2020 By subbiesu Leave a Comment

Insurance Giant QBE Uses Pandemic to Screw the Subcontractors

QBE has a market capitalisation bigger than the GDP of some countries. QBE were underwriting "trade credit" insurance, also called debtor …

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March 31, 2020 By subbiesu Leave a Comment

Gold Coast subcontractor Civex in court battled with i2S to be paid 127k for Logan project work

A Gold Coast electrical engineering subcontractor awarded $127,000 by the Queensland Construction and Building Commission says it is still waiting for …

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SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud so our goal is to pressure the Queensland Government to set up a fully funded Police Task Force to investigate and prosecute Construction Industry fraud.

SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.