Hutchinson Builders to bring its own team in to complete Ambrose apartment site after plumbers' collapse
Hutchinson Builders will be bringing its own team of plumbers in to help complete the work at the Ambrose apartment project at Milton.
It follows the collapse of Brisbane construction-related company Tacoma Plumbing and Drainage after rising material and labour costs due to Covid-19 padenmic related circumstances.
SV Partners has been appointed administrator of the firm that was established in 1996.
The business was placed into voluntary administration on December 6, 2021.
With an estimated late 2022 completion date, Ambrose is the Kokoda Property project designed by architects, Cottee Parker, a $150 million, 19 storeys residential luxury tower on McDougall Street.
The sub-contracting plumbing firm is also currently working on the Silk One at Woolloongabba and, according to The Courier Mail, six other sites around south-east Queensland.
"Despite our considerable attempts at managing the cashflow, injecting substantial sums of monies into the business to cover shortfalls” the snowballing effect of rising costs had forced the closure of the business," the company dirctors told staff.
“Tacoma is not the first, and certainly not the last to suffer from these effects.”
Brisbane-based Naba Plumbing, founded in 2009, collpased in June this year.