The ConX Blog

Challenges of Business Insolvency in the Construction Industry

Battling to get paid for jobs you've sucussfully completed? At ConX, we're working hard to come up with a solution to reduce the risk of general contractors claiming insolvency and leaving sub-contractors to go broke. 

Read the Executive Summary of the Senate report on Insolvency in the Construction Industry published in December 2015. This highlights the major problems and where they are stemming from.

Read More

The Construction Industry in the Current Economic and Political Climate

What does the re-election of the Turnbull government (even if just by the slenderest of margins) mean for the Construction industry in this current economic climate?

ABCC

Even though most people have forgotten, the election was called in response to the Coalition’s senate bill to re-instate the Australian Building and Construction Commission (ABCC). 

Read More

The Construction Industry in the Current Economic and Political Climate

What does the re-election of the Turnbull government (even if just by the slenderest of margins) mean for the Construction industry in this current economic climate?

ABCC

Even though most people have forgotten, the election was called in response to the Coalition’s senate bill to re-instate the Australian Building and Construction Commission (ABCC). 

Read More

Top three questions to ask of before voting in the federal election

ConX co-founder and #realtradie Keith Moore has highlighed the top three questions to ask before voting in the federal election. You can read the full article in Smart Company here.

Read More

Protection of subcontractor payments

Project Bank Accounts – The Background:

Much has been discussed in recent times about the use of Project Bank Accounts (Trust Accounts) as a means to protect the flow of payments on construction projects from the principals down to the eventual suppliers of the goods and services which form the eventual completed project.

The political, social, and financial consequences of the failure by suppliers and subcontractors to receive payment for works, completed following the all too frequent collapse of development and construction enterprises, was highlighted at every one of the recent hearings into insolvency in construction conducted  by the Senate Estimates Economics Committee.

Read More

Tradies Win in the Budget

The 2016-17 Budget is a win for the $200 billion building and construction industry.

Company tax rate cuts

It has been confirmed that from July 1, small to medium-sized businesses with an annual turn over of up to $10 million dollars will qualify for a company tax rate of 27.5%, down from 30%.

Read More

Australia’s Tradies and Suicide

 

Hard times: The suicide scourge among Australia’s tradies was an article that appeared in the SMH’s Good Weekend last weekend by Peter Munro. It deeply saddened me and really hit a nerve. If you haven’t read it yet, please do now.

Read More

Is it a Bust or a Boom for the Australian Construction Industry?

Its confusing right? Headlines are saying the Construction industry is going bust, but work seems to be busier than ever right now? The jobs are coming in from every angle, it’s difficult to get skilled trades and labor and their rates are going up and up.

Read More

Construction Contractors struggle to find the skills as demand grows

Construction Contractor Skill ShortageConstruction contractors are winning projects as the market continues to boom, but they are struggling to find the workers to get the job done.

According to report released by Hays “The recruitment market in Sydney has never been so candidate short. This has created a major challenge for construction contractors that have won projects but are now struggling to find the right people to help them do the work.”

Read More

Residential predicted to slowdown in 2016 as commercial work surges

2016 is predicted to be another big year for the construction sector with a rise in commercial activity making up for a slowdown in residential work.

Read More