The demise of veteran Brisbane construction company GW Civil Contracting has been blamed on a long-running issue
Glen Norris 2 min readMarch 18, 2021 - 10:21AM The Australian Business Network
The $3.1m collapse of Brisbane construction firm GW Civil Contracting has been blamed on a drought of infrastructure projects in the state over the past five years.
The Geebung-based company went under earlier this month owing more than 100 creditors including subcontractors and suppliers million of dollars.
The Queensland Major Contractors Association said the plight of companies such a GW Civil was due to a lack of promised government projects that had actual money allocated to them.
The 22-year-old company blamed the downturn in construction during COVID, increasing competition and the loss of JobKeeper subsidies for its predicament.