Nice to see Mr De Brenni using one of our lines - "subbies are not an interest free loan facility".
DARYL PASSMORE, The Courier-Mail February 17, 2019 12:00am Subscriber only
THE state’s building regulator is investigating claims of delays in paying contractors and subbies working on the $100 million renovation of a tropical island resort.
Daydream Island in the Whitsundays is due to re-open in April after being badly damaged by Cyclone Debbie two years ago.
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But The Sunday Mail understands the owner, China Capital Investment Group, is late paying several million dollars in progress payments. Millions more will be due on completion.
Dozens of subcontractors and suppliers claim they face being left out of pocket, with 200-plus workers still on site, but have agreed to get the job finished in the hope they receive their money later.
A spokesman for the Shanghai-based owner said he was not aware of payments being withheld or any other problems.
But State Housing and Public Works Minister Mick de Brenni has asked the industry watchdog, Queensland Building and Construction Commission to investigate.
“As soon as I heard about this I asked the industry regulator to get out there and conduct an urgent investigation – we need to get in front of it or risk the Daydream job quickly turning into a nightmare,” he said.
“Let me be clear, if anyone has broken the law, I will ask the QBCC to come down on them like a tonne of bricks.
“Subbies are not an interest-free loan facility.”
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