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Friday
Dec182015

Indoor Sports Facility Design/Build Contract

It seems that the secret item on the last Council agenda related to this project was for the awarding of this contract to Stanley Construction Ltd. Only the relevant staff would know why this needed to be kept secret - like so much else that goes on around our Council these days.

Here is a piece about a significant project undertaken by Stanley from its website that should give confidence regarding their ability to bring jobs in on budget - the Knoll Ridge Cafe on Whakapapa Skifield.

The only problem is that a Company registered as Stanley Construction (Waikato) Ltd entered into a scheme of arrangement (Compromise) with its creditors on 10 March, with a final letter from Insolvency Specialists McDonanld Wague on 3 June 2015 outlining the arrangement that resulted in a "distribution to compromised creditors" of 13.03% ($200,000) of the $1,534,565 originally owing.

The two other Stanley Construction companies Stanley Construction, and Stanley Construction (Auckland) Ltd have identical directors and other details. I have requested confirmation as to exactly which company has been awarded the contract. I guess that one is entitled to harbour some concerns in regard to this situation as it effects the ability of Stanley Construction, of whatever ilk, to complete the task without financial problems as revealed above.  

Here is the presser released today on the project.  It appears that Stanley must present the final build cost to the February Council meeting. That will be the critical point to judge just how this project is progressing.

The remainder of the presser is a bunch of waffle from Strat Peters about the Skate Park and Porritt Park Grandstand programmed for 2016/17.

 

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