Intellibuild Constructions

PHOTO: Intellibuild Constructions

Yet another construction firm specializing in home building has faced a setback, this time in Perth.

Intellibuild Constructions, a builder based in Joondalup, experienced a denial of their registration renewal by the Western Australian Building Services Board due to financial reasons. Trading under the name Boston Keys Pty Ltd, the company sought a renewal, but the board expressed dissatisfaction with their ability to meet the financial criteria outlined in the Building Services (Registration) Act of 2011. Intellibuild had been in operation since December 2019, shortly before the onset of the Covid-19 pandemic, which had a severe impact on the construction industry. As a result of the company’s collapse, customers with incomplete or faulty construction projects will now be able to make claims through home indemnity insurance.

Australia is the lucky country

Intellibuild’s website described the company as a group of skilled and dedicated individuals committed to providing innovative building solutions to their clients. They claimed expertise in delivering innovative residential, industrial, and commercial projects that featured creative design, cost-efficiency, rapid construction, and energy-efficient advantages not commonly offered by other builders. Their core values centered around delivering the best solutions for their clients.

Intellibuild is the latest addition to a growing list of construction companies in Perth and across the country that have gone out of business in 2023. Earlier in the year, both Royal Construction and Design and Western Luxury Homes went into liquidation within days of each other in August. Boutique builder City Residence faced bankruptcy in July, while Hamlen Homes experienced a collapse in February. In January, WA Housing Group and Individual Developments also went under.

Unlicensed builder fined

Australia’s 13th largest builder, Porter Davis, also suffered a collapse earlier in the year, jeopardizing 1,700 projects and an additional 779 vacant land parcels in Victoria and Queensland. More than 1,000 unsecured creditors were owed a total of $71 million.

Data from the Australian Securities and Investments Commission (ASIC) indicates that between July 2022 and April of this year, 1,709 construction companies nationwide entered administration.