“It will get worse” for large building companies as they attempt to rescue collapsed building company Porter Davis, says Association of Professional Builders’ Russ Stephens.
“That’s simply because the damage that has been done since the back end of 2020 with those contracts being signed,” he told Sky News Australia.
“That is all beneath the surface, it’s not clearly visible to anyone outside of the company having access to those financials to see that the true damage those price rises did.”
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