In short:
Civil construction firms warn surging diesel and material costs driven by the global oil crisis will force lay-offs and project delays, with nearly a third considering winding down.
Builders are urging Labor to deliver targeted relief in the federal budget, warning without it, the impact will be felt in home building and utility bill costs.
What’s next?
Almost half of civil contractors are considering reducing their workforce, and a third are looking to pause construction to get through the oil price shocks.