Master Builders Victoria (MBV) remains concerned about Victorian building and construction insolvencies.
MBV has continued to shed light on the issue of soaring costs of materials and labour shortages, which may lead to more building and construction companies being forced into administration.
MBV Acting CEO Michela Lihou said the proportion of insolvencies accounted for by building and construction had grown steadily over the past two years.
It is now close to the highest it’s ever been since data recording started in 2013.