Rider Levett Bucknall Wellington Director Mr. Hugh Mackenzie put a positive spin on the recent wave of finance company failures stating that contractors are 'eager to tender and their pricing reflects competitive conditions.'
However, while contractors are more eager to tender, they are also having to cope with raw material price increases, while the labour market remains tight due to the lack of skilled workers.
Overall, the forecast is for steady prices, wages and margins for the next six months, with possible price shocks in material such as steel