Tim Dower: Things are looking dicey for our construction industry

Early Edition with Ryan Bridge · May 26, 2022 · 1m

I really feel for these guys throwing in the towel on their construction businesses, there's been a spate in the past couple of weeks.

Most recently, not a big one, a firm in Tauranga but bad enough if you're one of the creditors, who won't be seeing any of that half million shortfall.

Since the start of the year, nearly 100 construction companies have gone unde, .nearly 1 in five of all business failures.

When your company folds with a half a million shortfall that's pretty devastating.

It has a ripple effect; the suppliers and the taxman and workers and all the others who don't get paid…