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

The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025