Construction business Arrow International has gone into voluntary administration after a contractual dispute left it with insufficient cashflow to meet operating costs. Last week Foster told the NZ Herald the business had an issue with one Auckland job but was resolving that and altering its business model. "We're trying to wind down the amount of tender work we do and doing more negotiated work," Foster said on Friday. Foster acknowledged problems with an Auckland project Arrow had worked on but refused to name it or the client or say what had gone wrong. The Queenstown-based boss said the firm had bid and won jobs which some other firms refused to take on.

Source: Otago Daily Times February 28, 2019 02:48 UTC