Build Partners, a prominent construction firm, has collapsed with over $5 million in debts, affecting major creditors like BNZ, Fletchers, Carters, and Steel & Tube. Liquidators are now involved to manage the financial turmoil and asset distribution. The collapse has wider repercussions within the construction industry, impacting various tradespeople and suppliers. Industry experts call for improved regulatory oversight and better protection measures for workers and small subcontractors.
Minnesota has set a new standard by implementing a minimum wage for construction workers on affordable-housing projects. This landmark law aims to ensure fair compensation and uplift labor standards nationwide.
