BILL HOFFMAN 20th Jan 2020 6:43 PM | Updated: 7:21 PM
Builder goes into liquidation leaving subbies unpaid
SUNSHINE Coast builder Ri-Con Contractors Pty Ltd has gone into liquidation leaving as yet unknown debts to subcontractors and secured creditors.
Liquidator Paul Nogueira of Worrells was called in this morning.
He said he would have a clearer understanding of the company's position when he had gone through the records tomorrow morning.
Ri-Con Contractors had a number of local government projects including the $3,484,000 Sunshine Coast Council tender for the Caloundra Tennis Centre, the completed $2.8 million joint Gympie Council and state government Building Better Regions Gympie Skate Park and projects with Noosa Council.
The tennis centre contract was awarded in December, 2018, and is yet to reach practical completion.
It represented stage two of what ultimately would be a $5.6 million upgrade.