Shrinking margins have claimed some big scalps in the construction industry but builders are now turning to proptech platforms to help de-risk the industry and manage cash flow.

The construction sector consistently tops CreditorWatch’s data on late payments, with about one in 10 builders more than 60 days in arrears on their payment to suppliers. 

And construction sector insolvencies are now on the rise after a number of high-profile collapses including Probuild, which had $5-billion worth of projects across the country, and Gold Coast-based Condev Construction, which had a $1-billion construction pipeline.