The owners of major construction company ProBuild have admitted the business firm should have been shut down years ago after the troubled firm collapsed while owing $14million to workers. The chief ...
On Thursday, South African corporation WBHO confirmed it was entering voluntary administration. It acts as the parent company for Probuild as well as 18 other building businesses, prompting thousands ...
Deloitte were appointed as administrators and have said they are facing a “nightmarish” situation with at least 2300 individual creditors identified so far and more than $14 million owed to 784 ...
ProBuild supplies lumber and building materials to professional builders and contractors. ProBuild currently operates more than 400 lumber and building product distributions, manufacturing and ...
Add articles to your saved list and come back to them any time. Low margins, cost blowouts, a supply chain crunch and rising prices contributed to Probuild’s collapse. Clearly the risks and ...
Failed construction giant Probuild is a ‘lemon’ that no one will want to buy given it undercut prices on so many projects, a subbies group has claimed. Subbies United spokesman John Goddard says there ...
Add articles to your saved list and come back to them any time. Some of collapsed construction giant Probuild’s building sites are being impacted by flooding in Queensland and NSW as administrators ...
SANTA CRUZ — ProBuild, the national chain operating lumberyards in Santa Cruz, Felton and Salinas and millwork centers in Santa Cruz and Soquel, is rebranding those locations as San Lorenzo Lumber, a ...
The collapse of builder Probuild shows how a broken system of contracting has built up in Australia, where too much risk is taken on for too little return. If you want to understand the collapse of ...
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