The receivers for failed construction firm Mainzeal Property and Construction have raised some $22.5 million in asset sales and recoveries from outstanding contracts, and are confident there will be some money left over for the liquidator to mop up.

PwC’s David Bridgman and Colin McCloy expect to have surplus funds for the liquidators once they’ve finished managing the receivership of the Mainzeal companies they are overseeing, according to their first six-monthly report. Of the $111.4m in known assets identified, the pair have recovered $9.4m from contract receivables, $4.6m from…