February 12, 2019 By subbiesu Leave a Comment

Gold Coast subcontractor finally to receive settlement after payment withheld

Kirstin Payne, kirstin.payne@news.com.au, Gold Coast BulletinFebruary 12, 2019 12:00amSubscriber only

A SUBCONTRACTOR phoned the Gold Coast Bulletin yesterday to say he was owed thousands of dollars by a major building company for work on a big infrastructure project.

At the close of business yesterday, the building company said it would pay the overdue money, provided the subcontractor did not talk to the media.

The payments follow a negotiation between the subcontractor and the major building company over a hefty contract.

COAST COUPLE LIVING IN SHED AFTER SUBBIE CLAIMS UNPAID

“It is a bloody joke considering what they are worth,” said the unnamed subcontractor.

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The subcontractor alleges he was offered a settlement which was worth just part of the original contract.

“It is a bloody joke considering what they are worth,” said the subcontractor who declined to be named.

Given the delays on original payments the subcontractor said he eventually agreed to the reduced amount.

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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.