Construction insolvencies have been almost constant during the past 12 months but there is a light at the end of the tunnel.
Australian Bureau of Statistics data released last week showed there had been 1782 external administrations in the financial year to date (March 14) in the construction sector, compared with 1331 last year and 715 the year before.
It may look bad at first glance, says Andrew McCabe, partner at insolvency practitioners Wexted Advisors, but not all insolvencies are equal.
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