The construction Industry is nervously contemplating the implications of Ebert Construction going bust, owning creditors around $40 million.
Civil Contractors New Zealand says it's a very challenging time for the construction industry.
CEO Peter Silcock says the industry is under a lot of pressure and feeling very uncomfortable.
"Lowest price procurement, inappropriate allocation of risk, cost escalation, and lack of skills; those are probably the four key things."
LISTEN TO PETER SILCOCK TALK WITH LARRY WILLIAMS ABOVE