SCOTT SAWYER12th May 2020 3:40 PM Subscriber only
SCOTT SAWYER12th May 2020 3:40 PM
Subscriber only
SUBBIES caught up in the latest collapse of a major Coast builder say they're sick of being treated like banks.
Subcontractors were left in limbo after RGD Group Pty Ltd and RGD Constructions Pty Ltd were placed in voluntary administration with FTI Consulting late last week, after RGD Group director Ron Grabbe revealed several factors which led to the collapse.
DYFA Plumbing owner Dylan Fahey said there'd been issues for about six months with debts he was owed by the companies.
CONSTRUCTION BOSS SPEAKS AFTER COMPANY COLLAPSE
He said he went to the Queensland Building and Construction Commission about it, but nothing was done.
"So many subbies are going to be stung," Mr Fahey said.
He said he was owed about $60,000, that figure partly from RGD's The Rhythm on Beach project at Maroochydore.
He said it was frustrating, with 70 people working for him, that he was still in a position where he ended up with "all this unsecured debt".
"We're not banks," Mr Fahey said after the latest in a series of building company collapses.
"We're mum and dad businesses wearing all this unsecured debt."
Native Coatings owner Dorian Smerdon and his crew of 10 painters were also caught up in the collapse.
Mr Smerdon said he was owed about $150,000.
"It's pretty hard to get out of it," he said.
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