Another WA construction firm could be set for the scrapheap after its building contractor registration renewal was knocked back on financial grounds.
It was revealed on Monday that the Building Services Board would not be issuing Boston Keys with an extension to its registration, effectively pumping the brakes on all of its services.
The board’s decision was based on its lack of confidence in the Joondalup company, which trades as Intellibuild Constructions in Perth’s northern suburbs, to meet financial requirements set out in the Building Services Act.
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Securing a registration allows a business to take on WA constructions that require a building permit or projects that have a value of $20,000 or more.
It is understood Intellibuild has one residential project in the pipeline, a home, and no commercial developments currently in progress.
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WA authorities said the board’s decision would allow that homeowner to make a claim on their home indemnity insurance if there is incomplete or defective building work.
“A key function of the Building Services Board is to assess applications for registration and renewal to ensure only those building service providers who meet the requirements are registered,” Building and Energy executive director Saj Abdoolakhan said.
“The registration and renewal process provides important consumer protection and bolsters confidence of all participants in Western Australia’s building and construction industry.”
The Building Services Board has refused to renew the building contractor registration of
Boston Keys, which trades under the business name, Intellibuild Constructions. Credit: Stuart Ashley/Getty Images
Boston Keys was first registered as a building contractor in December 2019 and has traded under the name Intellibuild Constructions.
On its website, which is still live, Intellibuild talks up its consulting, design and construction services, its “team of experienced and dedicated people” and its ability to “deliver innovative buildings for residential, industrial and commercial type projects”.
Other searches online suggest the business is “permanently closed”.
The company was sought for comment on the board’s decision but did not reply to emails or phone calls before publication.
It is the second major rejection by the Building Services Board in the last month, with FTD Construction Pty Ltd, which is also known as Fulfil the Dream, also having a bid to renew its building contractor registration torn up.
The board highlighted concerns with the company’s ability to meet financial requirements for registration and was not satisfied it could ensure the management and supervision of the work it was carrying out.
It is understood FTD Construction had three stand-alone residential builds and three multi-unit residential developments on the cards before the refusal.
FTD Construction founder and chief executive Ricky Hirsch claimed the board had “misunderstood” the financial details presented to them and was considering an appeal.
The downfall of Intellibuild comes in the wake of record construction company collapses across the country in 2022-23.
ASIC insolvency figures revealed more than 2200 building companies went into administration during that period, leaving hundreds of millions of dollars in unfinished projects.
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