We present a fully sampled C^{18}O (1-0) map towards the southern giant molecular cloud (GMC) associated with the HII region RCW 106, and use it in combination with previous ^{13}CO (1-0) mapping to estimate the gas column density as a function of position and velocity. We find localized regions of significant ^{13}CO optical depth in the northern part of the cloud, with several of the high-opacity clouds in this region likely associated with a limb-brightened shell around the HII region G333.6-0.2. Optical depth corrections broaden the distribution of column densities in the cloud, yielding a log-normal distribution as predicted by simulations of turbulence. Decomposing the ^{13}CO and C^{18}O data cubes into clumps, we find relatively weak correlations between size and linewidth, and a more sensitive dependence of luminosity on size than would be predicted by a constant average column density. The clump mass spectrum has a slope near -1.7, consistent with previous studies. The most massive clumps appear to have gravitational binding energies well in excess of virial equilibrium; we discuss possible explanations, which include magnetic support and neglect of time-varying surface terms in the virial theorem. Unlike molecular clouds as a whole, the clumps within the RCW 106 GMC, while elongated, appear to show random orientations with respect to the Galactic plane.
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