Condev owners Steve and Tracey Marais have tearfully told how Covid disruptions, high material prices and wild weather caused to the Australian building giant s collapse.
The troubled builder was working on 18 different project and had sought an extra $25 million from its developer clients to keep going - but they pulled the plug on Tuesday.
Building company Condev Constructions has gone into liquidation after a failed bailout deal. It is the second Australian construction giant to collapse in recent weeks.
Queensland construction giant Condev met with developers on Monday afternoon in a last-ditch bid to salvage the company after being rocked by back-to-back issues.