HOMES under construction in the Hunter may be affected by the appointment of administrators to building company Holmwood Builders Pty Ltd.
Holmwood Builders also trades as ProCorp, ProCorp Homes and ProCorp Builders. Hall Chadwick Chartered Accountants has been appointed Administrator.
The exact number of homes under construction is still being determined but Fair Trading understands between 80 and 100 dwellings across Sydney, the Hunter, South Coast and Riverina could be affected.
Fair Trading Minister Anthony Roberts said every support would be offered to affected consumers and that Fair Trading was in contact with the administrator and the Home Warranty Insurance Fund.
“Fair Trading is ready to respond and assist the affected consumers while also working with the administrators and insurer to determine the best options for all parties as quickly as possible,” Mr Roberts said.
Mr Roberts said consumers, sub-contractors and suppliers could call the Fair Trading hotline on 13 32 20 during business hours for advice on their rights.
Home Warranty Insurance provides protection for home owners, including when a building company is unable to complete a contract because it is placed in administration.
“Home buyers should have been given a Home Warranty Insurance Certificate by Holmwood Builders Pty Ltd shortly after they entered into the building contract and that certificate will identify their insurer,” Mr Roberts said.
“Consumers who have signed a contract with Holmwood Builders are advised to contact the insurer immediately.
“Any subcontractor or supplier who believes they are owed money by the companies should lodge a proof of debt, along with supporting documentation, to the administrator,” Mr Roberts said.
Fair Trading has also created a Holmwood Builders page on its website at fairtrading.nsw.gov.au.
More information about Home Warranty Insurance is available on the Fair Trading website.