Builders and sub-contractors are expressing concern at the number of construction companies falling into financial difficulty. On Thursday, Arrow International NZ, a 35-year-old company, placed itself in voluntary administration, with the hope that it might find a buyer. Email newstips@stuff.co.nzArrow's troubles follow a string of other construction firm collapses, including Mainzeal Property, Ebert Construction and Corbel Construction last year, and the liquidation of Orange H Group, a group of former Hawkins Construction companies, last May. READ MORE:* Chows eye up construction firm Arrow International after administrators take over* Collapsed Corbel owes more than $5m says liquidator* Failed construction firm Ebert owes subbies at least $33.8mROBERT KITCHIN/STUFF Administrators will be talking to Arrow International's 250 staff and assessing its sites around the country. Wallace said increasingly bigger construction companies were behaving more like project managers, with little skin in the game and leaving sub-contractors to bear all the risk.

Source: Stuff February 28, 2019 19:59 UTC