There are renewed fears for Tasmania’s building industry following the collapse of a long-established construction company.

Cunic Construction was liquidated on Tuesday, leaving 19 people out of work.

Stuart Clues from the Housing Industry Association says it is a sign of the difficult times in the sector.

“This is yet another statistic, it’s one of some note and some size but in the scheme of things it’s just another ordinary day in construction at the moment on the basis that we’ve had a heavy casualty over the past 12 to 18 months,” he said.

“It’s going to be another year of builders having to really make sure they do everything they can to get through what is a pretty difficult period.”

The Master Builders Association says the collapse is an alarm bell.

The association’s Michael Kerschbaum says it is a sad day for the industry.

“I’m devastated. If you asked me who one of the best run companies going round was I would have named Cunic in my top 5,” he said.

“There’s no doubt that a company that’s as well run as Cunic Constructions, if it goes under after 40 years of trading it sends the alarm bells out to the rest of the industry I believe.”