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John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over

EPISODE · Mar 14, 2023 · 2 MIN

John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over

from Best of Business · host Newstalk ZB

Cashflow issues are being blamed for building businesses falling over. The country's construction crunch may start to snowball, with more building businesses expected to fail. Bayside Designer Homes is the latest, leaving nine Auckland housing sites unfinished. AUT Professor of Construction Management John Tookey told Kate Hawkesby the industry uses borrowed money to do all the work. He says as interest rates go up, it gets harder and harder and then payments get delayed, then you end up with companies struggling with cashflow. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

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John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over

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