The Building Services Board has refused to renew the building contractor registration of Projex Management & Construction Pty Ltd (BC12153, expired), trading as Nicheliving.
After reviewing the Perth builder's renewal application, the Board was not satisfied the company met the financial requirements for registration.
The Board's decision enables homeowners with incomplete or defective work under home building work contracts with Projex Management & Construction to make a claim on their home indemnity insurance (HII) policies and consider other arrangements for completing their projects.
Without building contractor registration, the company can no longer carry out or be contracted for building work valued at $20,000 or more requiring a building permit. It is understood the company has more than 230 incomplete home building work contracts on its books.
"The registration and renewal rules provide important consumer protections and bolster the confidence of all participants in WA's building and construction industry," Building Commissioner Saj Abdoolakhan said.
"Applications are thoroughly assessed to ensure registration is granted only to building service providers who meet a range of requirements set out in legislation. For building contractors, this includes the capacity to meet debts as and when they fall due, showing they have the financial means to complete building contracts.
"The Board's decision will no doubt be welcomed by many homeowners who have faced significant stress and delays to their projects with this company."
Nicheliving clients should check they have an HII policy in the name of Projex Management & Construction. If so, they should contact insurance provider QBE on 1300 790 723 to discuss arrangements.
HII is purchased by builders and protects homeowners by providing up to $40,000 for a lost deposit and up to $200,000 to enable building work to be rectified or completed if the builder faces circumstances including loss of registration on financial grounds or insolvency.
