School builder Lloyd Group slumps into administration, dozens of projects affected

 A large construction firm specialising in building schools and other government infrastructure is in administration, the second firm within 24 hours to collapse as mounting pressures in Australia’s building industry reach a crisis point.

Civil design and building firm Lloyd Group, which has 59 projects under way and 200 staff, was placed into voluntary administration with Deloitte on Friday morning, joining major home builder Porter Davis in the financial doldrums.

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