The Destination Brisbane Consortium claims delay payments of $123 million against the builder and is offsetting those against progress claim payments.
The consortium behind Brisbane’s $3.6 billion Queens Wharf integrated resort development has stopped paying builder Multiplex’s invoices inputting completion of the already-delayed project at further risk.
Stretching it out further? Progress on the Queens Wharf Resort and casino in Brisbane is at risk of further delay from a legal fight between builder Multiplex and its Destination Brisbane Consortium client. The court action, however, raised risks of delay for the client in taking delivery of a working asset and also for the builder of higher preliminary costs that eat into profitability and prevent it from moving resources to other profitable projects, said the head of the Australian Constructors Association, an industry group for large contractors.
Neither party would comment. The project on a riverfront site bounded by Alice, George and Queen streets is on state government-owned land. A spokeswoman for deputy premier and minister for state development, infrastructure, local government and planning Steven Miles declined to comment.
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