One of Queensland’s major building companies BA Murphy Constructions, has been put into liquidation just before Christmas, adding to a growing list of insolvent builders nationwide. The collapse came amidst the deepening concerns that the ongoing surge in material and labour costs will see more construction companies go under in the coming months. According to the notice on corporate watchdog ASIC, BA Murphy made the resolution on Dec. 21 that the company be wound up and that liquidators be appointed. The move, which followed the loss of its licences earlier the month for failing to pay subcontractors, has left millions of dollars worth of projects unfinished. It is estimated the company could owe up to AU$3 million (US$2.17 million). BA Murphy is just one of a string of big construction casualties of material price hikes, labour shortage and harsh lockdowns, as many builders have secured work at fixed prices without …