Building Education Revolution (BER)
There could be a hiccup with the Building Education Revolution (BER) across the land.
Word has it that the Commonwealth has just stopped the cash flow for the BER programme.
This will mean Schools under contracts to Consultants and/or Builders will need to take out bridging loans.
I know of 1 school that was struggling to obtain a bank loan prior to this latest action.
Their argument was always that the Commonwealth BER programme would fund the Bank loan.
Apart from Builders and their Subconsultants, the domino affect could clearly affect payments to:
Surveyors;
Architects;
Structural Engineers;
Hydraulic Engineers;
Electrical Engineers;
Mechanical Engineers;
Private Certifiers;
Energy Assessment Consultants;
Fire Consultants;
Landscape Consultants;
then roll onto:
SUPPLIERS:
Concrete;
Bricks & Blocks;
Membranes & Paints;
Timber & Steel Framing;
Wall & Roof lining;
Floor Coverings;
Doors & Windows;
School Equipment suppliers;
Electrical suppliers;
Fire Fighting suppliers;
Insulations suppliers;
Taps/Toots/Basins suppliers;
etc. etc. etc.
I expect some changes in the economic graphs for next month (September).
