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General Business
3 mins to read

Subbies accuse failed Decmil of dipping into retention funds

Out-of-pocket contractors say the liquidator has misused construction retention money.

Maria Slade Fri, 25 Sep 2020
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Subcontractors owed money by failed prison builder Decmil claim the company’s Australian liquidator has spent $2.4 million in retention funds he is not entitled to.

ASX-listed Decmil Group placed its New Zealand subsidiary in liquidation in April after its $198 million contract with the

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Contact the Writer: maria@nbr.co.nz
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© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Subbies accuse failed Decmil of dipping into retention funds
General Business,
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