Fletcher's exit from 'vertical construction' leaves a gap in the market; seen pushing up costs, RLB says

Tue, 24 Apr 2018

By Tina Morrison April 24 (BusinessDesk) - Fletcher Building's intention to exit the 'vertical construction' sector leaves a gap in the market for large-scale commercial and government projects and is pushing up building costs, according to a report on industry trends. Global property firm Rider Levett Bucknall's report on New Zealand trends in property and construction for the second quarter of 2018 said Fletcher's announcement in February that it will stop bidding for 'vertical construction' work after fulfilling its existing contracts...

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