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Building and construction businesses see government relief

Building and construction businesses see government relief

by Emma Ryan | May 12, 2020 | 1 minute read

Confidence is set to climb for building and construction businesses following the federal government’s announcement that it would amend its procurement and contracting arrangements.

Building and construction businesses see government relief
May 12, 2020

Master Builders Australia has issued a statement commending the federal government’s recent measures that aim to give relief on contract terms and speed up payments to help support businesses through the economic shock of COVID-19.

“The measures to give relief on contract terms and speed up payments announced by the Minister for Finance [on Monday, 11 May] is an extremely positive initiative that will bolster confidence among building and construction businesses working on federally funded construction projects,” Denita Wawn, CEO of Master Builders Australia, said.

“It’s very pleasing to see the government making an effort to be a ‘model procurer’ and setting a good example in providing relief to businesses whose provision of goods and services is affected by COVID-19,” she said.

“Master Builders has been calling for this measure since the onset of the economic emergency brought on by the coronavirus, and it’s really good to see the government has been listening.

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“We must also give credit to the Defence Department, which moved early on to provide this kind of support to its suppliers.”

Going forward, Ms Wawn said the next step is to ensure businesses are acting appropriately in utilising the measures to the best of their ability.

“Now we just need more private sector clients to follow the government’s example and also do the right thing and not take commercial advantage during the COVID-19 crisis,” she explained.

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

Building and construction businesses see government relief
Building and construction businesses see government relief
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