Liquidators called in at Wgtn's Armstrong Downes Commercial

The Paddington, work at a halt (Image: supplied)

Mon, 02 May 2022

Fixed price contracts have claimed another commercial property builder, with Wellington construction firm Armstrong Downes Commercial (ADC) going into liquidation.“Two of the company’s largest construction projects are suffering substantial losses as a result of being fixed price in an economic environment of spiralling costs, procurement challenges, and labour shortages,” the liquidators said in a statement.“Following an unsuccessful attempt at restructuring the company’s contracts, it has been decided the appoint...

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