Scott Criddle will be stepping down as executive director of Decmil Group at the end of July. His resignation is the first part of a planned renewal of the company's board.
Southern Cross Electrical Engineering is still pursuing a claim for $11 million from Decmil in relation to a subcontract, saying today that an adjudication last week requiring Decmil to pay just $152,657 was only a preliminary ruling.
Shares in Decmil dropped by more than 50 per cent today after the engineering and construction company completed a heavily discounted rights issue, which is part of a broader $50 million capital raising plan.
Decmil has appointed current executive director Dickie Dique as chief executive, replacing Scott Criddle who will remain with the company as an executive director.
Engineering and construction company Decmil has replaced Scott Criddle as chief executive, amid a $29 million write-down of its Homeground Gladstone accommodation village in Queensland and the launch of a $40 million capital raising.
Decmil has confirmed its involvement in the state government's Bayswater Station upgrade as a sub-contractor while also locking in works with Queensland's Department of Transport, sending its shares up by more than 60 per cent.
Two consortia, led by major contractors Laing O'Rourke and CPB Contractors, have been shortlisted to build the Morley-Ellenbrook Line, but the decision has sparked competing claims about the opport
Decmil has announced the closure of its New Zealand subsidiary, citing major losses following the termination of a NZ$185 million contract with the country's prisons department.
Spanish engineering group ACCIONA has been named as preferred proponent for the construction works for the $253 million Bayswater train station upgrade, beating out a rival bid from a consortium comprising Georgiou Group and Lendlease.
Perth-based contractor Decmil has disclosed it will make a provision of between $50 million and $60 million to cover money that is unpaid under its terminated contract with New Zealand's corrections department, resulting in a loss for the half-year to December 2019.
Western Australia-based businesses have won 70 of 134 contracts awarded for work on five major mining projects, while state government data shows 53 tenders were awarded to businesses with local content plans in the 2019 financial year.
Our daily board moves wrap includes JianDong He, WeiJun Meng, AnGang Shen, ChengHu Zhu, Claire Poll, Natasha Santi, Donald Argent, Peter Thomas, Jordan McArthur, and David Nixon.
Perth-based contractor Decmil has disclosed that its $185 million contract with New Zealand's prisons department has ended early, with the client halting payments and seeking to apply liquidated damages.
NSW-based contractor Downer has secured the road portion of works for the Denny Avenue level crossing removal in Kelmscott, ahead of Perth construction company Decmil.
The state government has begun the tender process for the design, construction and commissioning of the Metronet Morley-Ellenbrook line, despite delays related to other contracts set to deliver the line's build.
Shares in Decmil closed down 9 per cent today after the Perth-based contractor said it was facing a delay in payment of about $14 million owing from its work on the Sunraysia solar project in New South Wales.
Perth-based contractor Decmil has won its sixth major contract for the year after securing two packages of works for Adani Mining's Carmichael coal mine and rail project in Queensland.
Decmil and joint venture partner McConnell Dowell have finalised the main works contract for the Mordialloc Freeway project, six months after being selected by Major Roads Projects Victoria as the preferred tenderer.
The state government has shortlisted two proponents to design and build the new Bayswater station, with early construction to commence later in the year.
A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.
A group of mid-tier contractors has banded together to lobby for the federal government to introduce tougher rules on the flow of work from infrastructure projects.
The final months of 2018 hit investors in Western Australian stocks hard, with the Business News index of 30 local ASX-listed companies falling 13.3 per cent.
thyssenkrupp Industrial Solutions Australia will design and build the world's largest rail-mounted stackers in Western Australia after winning a $250 million contract for BHP Group's $4.6 billion South Flank iron ore project.
Decmil Group has finalised a $277 million contract with Chinese group Maoneng to build a 255-megawatt solar farm in NSW, eight months after signing a memorandum of understanding for the project.
CPB Contractors has added to its portfolio of Main Roads projects after being selected as preferred contractor for a $50 million upgrade of the Wanneroo Road and Joondalup Drive intersection.
Mining services contractor Ausdrill has continued its board renewal, including the appointment of its first female director, just weeks after company founder Ron Sayers retired.
SPECIAL REPORT: Contractors are buoyant despite the twin challenges of uncertainty around infrastructure spending and an employment market tipped to tighten.
