Has your Perth builder gone bust?
Unfortunately, construction companies not only in WA but all over Australia have been shutting shop over the past few years. This has left many clients in difficult positions trying to claim insurance, calculating their losses and scrambling to find a builder to complete their project. Between 2021-2022 around 94 West Australian construction companies shut down (data from ASIC). Already this year, we’ve seen more Perth builders adding to this number.
Some of the reasons Perth building companies are going under are related to fixed-price contracts, increasing supply and labour costs and from what we’ve noticed, severely under-quoted jobs.
The Problem
We are seeing many cases of builders who have claimed large sums of money for work that has barely been done. They’ve done ‘quick finish jobs’ to slap on a front door and get to lock-up stage leaving much to be completed that would have otherwise been done by this stage. This means clients have paid for work that hasn’t been finished and are now dealing with a large job that exceeds the original contract price.
We’ve had multiple clients recently enquire about getting their half-finished homes and developments back on track. We know better than anyone that time is money so the longer these builds are left sitting the more money the client wastes.
How Can We Help You?
Last year we completed multiple insurance jobs working closely with the clients to take over their previous builders’ work and make changes to suit their budget and needs. One client from a home build in Dayton was very pleased with the final outcome and is now finally enjoying his new home.
“We originally signed with another builder and after 14 months of lies, unjustified price increases and stress they went into liquidation, leaving us with an unfinished house. No builder wanted to finish our home. Then we contacted Joe.
From start to finish Joe and the team at Jubilee were there to help. Prompt, no delays, open communication and above all honesty and integrity.” – S.W
Get in touch!
If your Perth builder has gone into administration we are here to help you finish your project. We will work with you to keep within a reasonable budget and aim to get work started on your Perth development or Perth home build as soon as possible.
Contact our team on [email protected]
