New projects only. It’s embedded into many underway though....

First 5 Last

Share
Profile

Follow
Verminski

7,652 Posts.

172

31/07/25

16:00

Post #: 80039028
Share
Originally posted by Scott th Ratbag: ↑

thanks for this mention verminski. I had to look it up. the suspension of the BPIC from November last year suggests its already got rid of.

The Queensland Productivity Commission's (QPC) Interim Report has identified a marked decline in productivity, leading to fewer homes being built, higher rents and significant delays and cost blowouts on major projects.
The bombshell findings include:
Labour productivity in the construction sector today is only 5 per cent higher than it was in 1994-95, compared to growth in the market economy of 65 per cent over the same period.
Construction productivity in the State has dropped by around 9 per cent since 2018, resulting in the construction of 77,000 fewer homes in that time. It means the industry today needs 9 per cent more labour than it did in 2018 to produce the same level of output.
Labor's Best Practice Industry Conditions (BPICs) were adding to the cost of major projects and holding back the construction of thousands of new homes.
If BPICs remained in place until 2029-30, the resulting impact would be a net cost to the community of up to $20.6 billion, with project costs increasing by up to 25 per cent, up to 26,500 fewer homes built and rents 8.3 per higher.
The interim report, based on stakeholder meetings and submissions, said restrictive and complex regulation, as well as sub-optimal procurement practices had made construction more difficult and expensive.
FWIW: Mirage News LINK

this was todays news.

Expand

New projects only. It’s embedded into many underway though. Thats a problem.
3 Upvote

Reply

Top Stories

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

Legal Dispute: Why Is Deutsche Rohstoff AG Refusing to Deliver Almonty Industries CDIs?

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

DES

DeSoto lands key exploration rights for Syncerus gold project in Guinea

Why a Fed rate cut could obliterate your super – and no one's warning you

LKO

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday