Residence Building Group the latest company to join string of collapsed builders in South Australia this year
ABCYet another South Australian builder has gone into voluntary administration, citing fixed price contracts as a factor behind debts of more than $1 million. Key points: Residence Building Group has appointed a voluntary administrator The company has shared the news in an email The managing director said COVID-19 and inflation were contributing factors The Residence Building Group yesterday appointed Agile as its voluntary administrator, breaking the news via an email. "This is not a decision that I have come to without doing everything in my power to keep the doors open, to deliver clients' projects and keep my staff in employment," managing director David Menner said. Managing director David Menner says he hopes to work with another building firm to help clients quickly transition their projects.
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