Tough times ahead for construction industry, expert warns

Author
Newstalk ZB Staff,
Section
Audio,
Publish Date
Wednesday, 1 August 2018, 7:49p.m.
Two companies went into liquidation today. (Photo / Supplied)

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  

 

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