A PWC spokesman says the sector was under more stress now because of cost escalations, delivery and labour issues. Photo / Fiona Goodall
New Zealand had 283 building company liquidations in 11 months this year, Commerce and Consumer Affairs Minister David Clark said.
Andrew Bayly, Nationals construction spokesman, said he was concerned about high failure rates so he asked Clark for the numbers via questions in the House.
Clark told Bayly the 283 liquidations were from January 1 till November 24.
Liquidations are not just because of financial failures but also when businesses assets have been sold, when a companys work is complete and for other reasons.
Clarks statement to Bayly said: The term failed has been interpreted as meaning those …
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