Condev went into liquidation with $2 million in cash to hand – giving it enough to pay out employee entitlements – because it took early action ahead of a looming cash crunch, liquidator Jason Bettles said.
Warning signs: Condev could see in advance that its fixed-price contracts were going to force it under. Louie Douvis
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
