Soft compulsion favoured for homeowners to get building work cover

Wed, 24 Apr 2019

By Paul McBeth April 24 (BusinessDesk) - People building new houses will need to get insurance or a guarantee to protect themselves from faulty work if proposals contained in the government's proposed raft of building law reforms go ahead. The proposal could push up the immediate cost of building by 1 percent but may be worth it for the extra protection provided and the lower overall cost expected should something go wrong, the Ministry of Business, Innovation and Employment says in a discussion document. A compulsory regime was rejected,...

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