Australia’s non-residential construction industry has always been a ‘big thing’ for the economy, but in more recent years the industry has been suffering the hangover from the engineering construction binge (sorry, boom) which was the integral component of the resources boom.

The seasonally adjusted chain volume measure of total engineering construction work done peaked at an extraordinary value of $136.3 billion. That record peak occurred over the 12 months to March 2013. Over the subsequent three years, engineering construction activity has dropped by 25 per cent. To put that in perspective,…