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Interesting situation and looking for some opinions.
Looking for a builder to start work next year and friends recommended what appeared to be a reputable resi builder focused on renos/ extensions. Our friends had a great experience with them and we reached out to start discussions.
This is where it gets interesting. Turns out they were doing work for a foreign property developer who failed to pay bills on a large development which in turn led to the builder becoming insolvent and loss of building licence.
They’ve been very upfront about the situation and would have to rely on a related person’s building licence to do our job. I’m yet to see how this works but I assume we will need to contract with the person with the licence to have building insurance coverage.
In a market where it’s hard to find a willing builder these guys seem keen to rebuild their business. Is it worth the risk? How do I cover myself? Any other thoughts?
Could be fine, this is actually fairly common. Sounds like this guy owns the company and has a nominated supervisor who holds the license employed by the company (generally listed as a co director).
I’ve seen people go down this route when they’re just starting out as a builder so that they can meet the supervision requirements for their own license whilst working for themselves.
So doing it after being bankrupt would also make sense to get themselves back on their feet.
Could also be on the dodgy side, where they’ve had their license cancelled for dodgy reasons.
I’d be investigating them thoroughly before coming to any agreement and signing a contract.
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