- The company had several government construction contracts, including the new Bayswater station and several schools
- There are also several apartment projects, worth some $80 million, on the line
- The RBA has warned more construction businesses will go under
Western Australian building firm FIRM Construction has fallen into voluntary administration.
This occurred just several days after the state government evoked its contract to build a primary school in the southern Perth suburb in Wellard.
The company also had state government contracts at Westminster Primary School, Ocean Reef Senior High School and Lakelands Senior High School.
Additionally, it was building the new Metronet Bayswater stations which has been plagued by delays.
In terms of residential projects, the builder holds a portfolio of high-rise apartments across Cannington, Applecross, Nedlands and Mount Pleasant, worth around $80 million. All are under construction.
Mark O’Gorman, FIRM director, said the company like many WA builders has been impacted by Covid-induced supply chain issues and labour shortages, along with significant price increases across the board.
The school contracts were all…