Summerset says tradie tenders down 3-12%

Wed, 19 Aug 2020

Summerset Group's build progamme has been slowed by the coronavirus crisis but one side effect is that tradies are cutting their prices by anywhere between 3 percent and 12 percent. Chief executive Julian Cook said what is likely to happen to construction costs going forward "is a bit of an unknown," although per square metre costs haven't changed much. "We're certainly seeing price reductions in tenders we're running at the moment of anywhere from 3 percent to 12 percent on what we were expecting," Cook told analysts on a conference call...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Comvita co-founder confident of blocking Florenz takeover

Alan Bougen is forming a syndicate to vote against the scheme of arrangement.

Graham Skellern 5:00am

Property

Promoter ducked inquiries about inappropriate AdWords use

Finbase created 'false impression' its financial products were low-risk, FMA says.

Maria Slade 5:00am

Promoter ducked inquiries about inappropriate AdWords use

Primary Sector

PGG Wrightson board shake-up stuns small shareholders

Agria and Elders' endgame unclear after director oustings.

Rebecca Stevenson 5:00am

PGG Wrightson board shake-up stuns small shareholders

Sponsored

NZ stakes claim in data future

Hosting data onshore with Snowflake boost trusts, speed and sovereignty.

Snowflake

Sponsored

Diversification has never been more important, says award-winning fund manager

Harbour Asset Management

More Infrastructure

Infrastructure

'Meth' ministry moves: staffing data sought for four-way merger

Work is progressing on a four-ministry merger with the pejorative nickname ‘Meth’.

Dileepa Fonseka 14 Oct 2025

Infrastructure

Aratere sold for scrap, price deemed commercially sensitive

The Aratere ferry has been sold to a specialist recycling shipyard in India for an undisclosed amount.“Details of the sale price are commercially sensitive,” Duncan Roy, executive general manager of Interislander, said. The ferry was retired last August to make way for the port...

Rebecca Howard 10 Oct 2025