Source: AAP Image/ Jono Searle
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Customers of collapsed builder Porter Davis could have their unfinished homes completed by new contractors, while the company’s liquidators say it may have been trading while insolvent.
The Victorian Managed Insurance Authority has enlisted Simonds Homes, Metricon and other builders to quote for the completion of Porter Davis clients’ homes.
About 1700 homes across Victoria and Queensland were left in limbo when Porter Davis suddenly shut in late March owing creditors $147 million.
Some 560 Victorian clients were not covered by insurance despite paying the construction giant before it went into liquidation, forcing the state government to set up a $15m bailout scheme.
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