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a state government contractor has until Monday to prove it can finish major roadworks that have come to a halt Reid is just one of a number of embattled construction companies in New South Wales and as a result hundreds of millions of dollars of building work is in limbo Adrian rochella takes a look at what's going wrong with the industry to the outsider it's an industry in turmoil the futures of st. Helias and reconstruction are in doubt with kellen Rigby and pearl torn apart some industry observers say the problem is quite basic too many players with not enough work so many tender bids are unviable they may be going in too low and with unrealistic time frames in order to win the work with the view that they may recapture the amount of money is Rick that is required to build it during the construction process but not always being successful professor Alexander's is the Dean of the Faculty of built environment at the University of New South Wales he believes there's a necessary correction in the industry underway with supply of contractors outstripping demand and he predicts more construction firms will go belly-up the immediate future meaning say one to two years is more likely to be like the immediate past and there is a correction going on in effect industry body the Master Builders Association says blame also lies with clients who expects jobs to come in at unrealistically low prices the consultancy industry that is advising clients these days see it as a an opportunistic time to to build at at a very cheap or cheaper rate than four years some suggesting that in the commercial sector you could be building it at prices of the early to mid-1990s so with that in mind that's very bad for builders as companies fold and subcontractors are left out of pocket hundreds of people are losing jobs which in the long term could lead to a skills shortage and with the construction industry a major economic driver in New South Wales all this negativity has a flow-on effect the bad news I suppose is just that you know for more people are losing their jobs and that's got consequences for the rest of the economy but I don't think we're going to see a quick rebound in non-residential building because confidence is still weak developers are not likely to proceed with projects in the current environment but Rob Miller says there are plenty of strong viable construction companies ready and willing to take on new work when confidence returns Adrian rochella ABC News Sydney