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on average an Australian construction company has filed for bankruptcy every 24 hours over the last 2 years Australiaamp;#39;s construction industry is facing a serious crisis at the moment in 2023 construction insolvencies hit a 9-year high with over 700 companies going out of business in the space of 3 months leaving thousands of projects unfinished and many homeowners stuck as quantity surveys we have a unique perspective on this issue we work with the number behind every aspect of construction projects which allows us to see trends that might not be immediately obvious to others and the data weamp;#39;ve collected is concerning material costs have increased docHubly with some sectors seeing Rises of 20 to 40% labor costs have also gone up docHubly project timelines have extended too what used to take a year is now taking 18 months or more so how did we wind up with a situation like this how is it that building and construction companies prefer to file for bankruptcy tha