Clients of collapsed national builder Ebert Construction with defects in new buildings have not held enough money back in retentions to be able to cover repairs, the latest receivers' report shows.
In a six-monthly report from PwC's John Fisk, Lara Bennett and Richard Longman, a new group of victims has emerged, on top of the creditors claiming more than $45m.
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"A number of Ebert clients contacted us to notify ongoing defects in respect of the company's construction works. Some of these customers advised that the cost of
remedying the alleged defects will exceed the value of the retentions held against Ebert and they do not intend to release any funds. Given the complexities we have worked through these matters on a project by project basis," the receivers said.
Ebert was working on 15 projects last July when directors declared issues, bringing to a halt construction of the huge Union Green apartments in Auckland - now being finished by Dominion Constructors - as well as many other projects by the firm which specialised in apartments and dairy processing plants.