your not understanding. insurance has to be paid by the owners, passed on by the builder. therefore the cost of building goes up. furthermore this issue is not about builders going into liquidation, its builders moving money around from job to job, being paid lump sums at the start of the project and never having anything left for completion.
homes sit there for months, builders still trade insolvent for years and the owners get screwed
Pintohoo, you need to educate yourself, you idea sucks.
solution as above, builders get paid a cost plus arrangement, simple as that.
- Forums
- Political Debate
- Building collapse
Building collapse, page-23
Featured News
Featured News
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online