‘Compulsive Gambling and the Audacity of Hope’ – Lessons learned from Major Project Construction Insolvencies in Australia

Veno Panicker and Elena Stojcevski of Hamilton Locke argue that the Australian construction industry has a gambling problem, pointing to several recent mega-project failures as evidence that head contractors are too willing to take big, often unknown and/or unquantifiable risks if the value of the project is large enough.

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