Receivers for Ebert Construction have said that subcontractors are likely to be left out of pocket after the collapse of the business.
""We are conscious that most subcontractors are likely to experience a significant shortfall for their wider claims for unpaid works of retentions not held in the fund," the receivers at PWC said.
Receivers have dished out another $770,000 to subcontractors, bringing total distributions to them to $2.31 million since the firm's collapse last October.
The distribution of funds following Ebert's collapse is being closely watched in the construction industry as the first major test of the subcontractors' retention regime. Since March 2017 it has been compulsory for construction firms to hold money on trust for subbies.
When Ebert moved into receivership its accounts showed $3.68 million was held in retentions, despite also recording $9.32 million owing under the retentions scheme.