[+] Costs Crisis: Metricon Confirms Contract Renegotiations

Australia’s largest home builder, Metricon, has been forced to renegotiate contracts with customers as the cracks widen in the nation’s construction crisis.

Metricon chief executive Mario Biasin confirmed that the builder was in the process of renegotiating contracts “in a small portion of contracts where customers have not met their contractual commitments”. 

“Metricon is assisting the customer at their election to enter a new contract reflecting current pricing,” Biasin said.