Govt to shake-up construction sector in bid cut building material costs

Tue, 05 Nov 2013

By Paul McBeth Nov. 6 (BusinessDesk) - The government is set to shake-up the construction sector in a bid to bring down the cost of building materials, which it says are “too high”, unveiling a raft of proposals such as rejigging compliance settings, tweaking import anti-dumping duties, and using its heft to influence the market. Housing Minister Nick Smith and Commerce Minister Craig Foss are seeking submissions on an options paper which aims to cut building material costs, which are 30 percent higher than across the Tasman. The Ministry...

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