wasn’t clear either, but a bank guarantee liability of $277 million at the end of last year indicates a workbook in the order of $5 billion-plus end value.
“Everything is interlinked,” said Jon Davies, chief executive of the Australian Constructors Association, which represents large contractors. – that would ringfence payments made during a project and deprive them of general cashflow, even though the payments are intended for subcontractors. “That all the rest of the industry is required to adopt these accounts with significant cost and additional administration for no real benefit.”
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