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ABC News
ABC News
Business

How to reduce your risk when seeking out a builder or protecting a construction project

An abandoned PBS Building site at Surfers Paradise, after the company entered into administration. (ABC News: Steve Keen)

The liquidation of two major builders has prompted questions of what savvy customers can do — if anything — to avoid unwittingly signing a contract with a construction company in danger of collapse.

PBS Building and National Construction Management (NCM) both entered into administration earlier this month, leaving millions of dollars in unpaid debts.

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