Boom or bust would be a fitting phrase to describe the situation in Christchurch, post-quake. Four billion dollars has been spent on new builds and repairs in the past year alone but, sadly, liquidators are also getting plenty of work.
It's hard to get a gauge on exactly how many companies have failed as many are registered in other cities, but in one three-month period last year, 15 building firms went under.
In the past month, we know of two – Bullock Construction and Alawin Builders.
So how can it go so wrong? And who is left carrying the can?
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