The building watchdog has stopped Sunshine Coast construction firm National Construction Management from taking on new work amid concerns about subbies not being paid.
CITY BEAT Glen Norris Scott Sawyer Asa Andersen less than 2 min read February 14, 2023 - 12:40PM The Australian Business Network
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The building watchdog has restricted Sunshine Coast construction firm National Construction Management from taking on new work amid concerns about its financial stability.
The Queensland Building and Construction Commission (QBCC) last week placed restrictions on the licence of the Forest Glen-based company to prevent it providing tenders and quotes unless prior approval was given by the watchdog.
The restrictions also prevent the firm entering into any new building contracts unless the prior approval of the watchdog was given and subcontractors were paid in advance.
Founded in 2006, National Construction Management (NCM) deals in commercial, residential, educational and aged care projects costing between $5m and $100m.
The watchdog also required the company to provide a list of debtors and creditors by last Friday.
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