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)

Tue, 01 Oct 2024

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...

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