July 29, 2024 By subbiesu Leave a Comment

McNab disputes payment on Ignite Group’s controversial tower The Monaco at Main Beach

The developer and builder of a luxury tower in a high-profile location have been locked in a multimillion-dollar contract dispute. Read what happened

Kathleen Skene Follow less than 2 min read July 29, 2024 - 6:00AM

Gold Coast Bulletin

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The developer and builder of a luxury tower in a high-profile location have been locked in a multimillion-dollar contract dispute.

Construction giant McNab and a company related to local developer Ignite Projects took their stoush to the QBCC, which told the developer to cough up more than $3.6 million for work on The Monaco tower near Southport Surf Lifesaving Club at Main Beach.

The adjudication is well short of the $33 million McNab had claimed from Ignite company Elevate Main Beach, citing a raft of delays and buyer variations to the original contract.

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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.

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.

McNab disputes payment on Ignite Group’s controversial tower The Monaco at Main Beach

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