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

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Maria Slade 04 Jun 2025
Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Gregor Thompson 04 Jun 2025
Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025