Construction sweetheart deals face the wrecking ball

Thanks to a Federal Court decision, the era of big builders entering cartel-style agreements with unions – to the detriment of productivity and costs – is drawing to a close.

A dramatic Federal Court decision yesterday means the net is closing in the way big builders like Lend Lease and Leighton undertake large contracts in Australia. As a result, the costs of Australian government infrastructure could fall between 15 and 30 per cent over time.

On its last sitting day in 2013, the full Federal Court yesterday afternoon not only put Australian infrastructure cost reduction back on track, but may have prevented a further major blowout in Australian infrastructure building costs.

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