If there is one building site in Australia that demonstrates the economic tightrope the construction industry is walking it’s the Ribbon project in Sydney’s Darling Harbour.
Perth-based housing estate developer Nigel Satterley said the country’s west was suffering acute shortages of truck drivers, machinery operators, plumbers and drainers. Experts are pointing to more pain in the sector as groups reassess project finances as inflationary pressures, supply chain disruptions and labour shortages begin to bite.
“If you look at the domestic scale, I think the challenges there are even more pronounced because the systems and supply chains are not as advanced. The pressure is being felt not just by contractors, it’s spread to all the stakeholders, financiers, designers and engineers.“The design and construction industry was reliant on the growth of specialist talent and skills through immigration.
“They’re doing their best to survive the situation and I think the good and well-capitalised builders are sharing in the pain with their subcontractors, but it’s hard when multiple subcontractors have issues and the builder is on a tightrope with the developer on time and cost.Fitzgerald says there are real economic headwinds facing the industry as well as a structural problem with how the sector operates.
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‘On a tightrope’: Construction industry creaking under pressureThere are real fears that increasing material costs, labour shortages and interest rate rises will push many in the industry over the edge. i knew a guy who went over the edge in the building industry from the 3rd floor once ,the police ruled it an accident ,true story ,the pressure was on then too ,the blf was hiding out in the master builders hq and jack fergerson was running peace negotiations Gee, if only they had kept funds in reserve during the good times instead of boosting their share prices by paying out excessive dividends and excessive debt.
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‘On a tightrope’: Construction industry creaking under pressureThe construction industry is teetering towards a crisis and operators across the country are already under stress from increasing steel and timber costs, supply chain delays and labour shortages. | Sarah Danckert and Simon Johanson Got a feeling our markets may be correcting and the credit party could be slowing. We have been ripped off for years by this industry, rich crying poor, pleaseeeeeeeee stop charging crazy amounts of money and stop paying lolliepop sign holders 6 figure wages before complaining. had it too good for too long.
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It’s down tools as NSW government backtracks on Sunday constructionThe government will not extend standard construction hours but may change guidelines to allow councils to do so if they want. michaelkoziol Yeah right. 🙄 Zero incentive for councils to allow Sunday construction hours. michaelkoziol Maybe they read this report about the benefits of a 5 day working week in construction … after all, the research came from a nsw health construction project!
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With 180 turbines, construction begins on Australia's largest wind farmIn Traprock country, west of Warwick, construction on the MacIntyre Wind Precinct has begun, soon to produce 1,026MW of energy to power up to 700,000 homes. range corn near cold piece poem You what has almost twice the capacity of these and never goes down, in a much smaller area and with less waste that this? Nuclear. Is this gonna lower my electricity bill? Didn’t think so. 'soon to produce a fraction of the rated 1,026MW of energy while increasing energy costs for consumers' FTFY
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Under-pressure medicos changing tone by playing in charity orchestra to 'escape from stress'Medical professionals utilising a creative outlet for their high-pressure jobs will take to the stage and play in an orchestra to help colleagues struggling with mental health. . Smart digital healthcare measures stress: 24-hour heart rate variability, 24-hour cortisol-melatonin rhythm, serum levels of short-chain fatty acids. . HOW to ESCAPE from .. MENTAL HEALTH STRESS PrefessionaL MEDICOs Doctors Nurses HeaLth CARE PROVIDERs LOW SaLary Big TAX issue ABUSE from Patients ! Long- HOUR WORK NHS WORKER hadEnough Forced EARLY Retire HOME LOAN Debt ? 🔥 🍰 No CAKE SHARE , I'm DrFiroz Ahmad MD 🌹 Music is good for the soul and it’s a universal language
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Federal government to proceed with all-inclusive ban on live sheep exports, surprising industry lobbyAgriculture Minister Murray Watt has confirmed the government will ban live sheep exports by both air and sea, but the industry council wants further clarification. Yay for a government that cares a little Dear Australia It was all so predictable. Remember this when the Carbon Tax comes (as it will). This is what you voted for! Good. A total banliveexport is needed
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