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An announcement from Fletcher Building Limited ( (FRCEF) ) is now available.
Fletcher Building Limited is addressing a legal dispute with SkyCity Entertainment Group concerning the New Zealand International Convention Centre (NZICC) project. The company has already paid significant liquidated damages for delays but plans to defend against further claims. Despite challenges like a fire and COVID-19 impacts, Fletcher Building has completed construction and is now focusing on defect remediation and final commissioning, aiming for a handover in the second half of 2025. The company expects additional costs of $12-15 million for project completion and is pursuing insurance recoveries and legal action related to the project.
More about Fletcher Building Limited
Fletcher Building Limited is a prominent company in the construction industry, primarily focusing on building and infrastructure projects. It operates in New Zealand and has a significant market presence, offering construction services and solutions.
For a thorough assessment of FRCEF stock, go to TipRanks’ Stock Analysis page.