PHOTO: HANNAH ROSS/STUFF Government could use KiwiBuild to create certainty for construction firms, one expert says.
There may be more casualties as the under-pressure New Zealand construction industry battles to keep up with demand.
High-profile failures this year have drawn attention to the “razor-thin margins” that construction companies are working with, and the difficulty they have in making projects pay.
When Ebert went into receivership this week, almost 100 staff were left in the lurch and purchasers of off-the-plan apartment developments, such as Union Green in Auckland, faced being left out of pocket.
But there are warnings of more pain to come.
The Ministry of Business, Innovation and Employment’s latest National Construction Pipeline Report for 2018 shows significant levels of building work on the horizon.
READ MORE:
* Razor-thin margins push New Zealand construction firms over the edge
* Collapsed construction firm Ebert linked to previous company failure
* Retired founder of collapsed construction firm ‘sorry that it’s all happened’
READ MORE VIA STUFF