Contractors face crunch on cash flow

Original article by Michael Bleby
The Australian Financial Review – Page: 1 & 6 : 19-Jul-21

The New South Wales government has imposed a two-week shutdown on construction across greater Sydney as part of its response to the COVID-19 outbreak. Shopping centre developer and owner Scentre Group responded to the shutdown announcement on 17 July by advising that it would close construction sites and place a halt on all shop fitouts at its Westfield centres across greater Sydney, while Multiplex closed all five of its construction sites in Sydney. BuildCorp boss Tony Sukkar says most companies within the construction sector should survive if the shutdown only lasts for two weeks, but things would become more problematic if it is extended.

CORPORATES
SCENTRE GROUP – ASX SCG, BROOKFIELD MULTIPLEX LIMITED, BUILDCORP COMMERCIAL PTY LTD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s