Scoring the builders: New financial health tool in the works

Scoring the builders: New financial health tool in the works
Master Builders and CreditWorks are developing a financial health tool for builders. (image: Jason Oxenham)
Maria Slade
Building industry body Master Builders and credit bureau CreditWorks have joined forces to create a tool for checking the financial health of builders.The initiative will give Master Builders members a financial rating that goes beyond their credit history and analyses their financial metrics to provide a comprehensive picture of their wellbeing.The aim was to help iron out the boom-and-bust nature of construction and create more resilience and maturity in the sector, Master Builders chief executive Ankit Sharma said.“Then hopefully next...

More Property

Du Val’s Clarkes ordered to deliver up
Property

Du Val’s Clarkes ordered to deliver up

Another court ruling in the Du Val saga. 

Victoria Young 20 Dec 2024
Nikki Connors retiring due to ‘mental and physical toll’
Property

Nikki Connors retiring due to ‘mental and physical toll’

Connors managed to starve off a freezing order this year.

Riley Kennedy 20 Dec 2024
Wayne Brown proposes new housing plan change
Infrastructure

Wayne Brown proposes new housing plan change

The mayor wants to ditch the current plan change and lodge a new one next year.

Oliver Lewis 20 Dec 2024
George Kerr loses appeal on BNZ debt
Property

George Kerr loses appeal on BNZ debt

BNZ is bringing bankruptcy proceedings against the expat investor over an $84m debt.

Maria Slade 19 Dec 2024