Construction Companies Without Insurance Face Collapse

The legislation of the new law may result in the collapse of construction companies as two tiers will be created, says James MacQueen, advisory partner in the construction and real estate sector for business advisory and accountancy firm BDO. The amendment was a response to the collapse of Mainzeal in 2013, which leaves unsecured creditor […]

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Potential Cladding Hazards – 1,000 NSW Buildings

Australian government audit points to substandard cladding in more than 1,000 buildings in New South Wales. Shortly following the London Grenfell Tower fire, the NSW Government conducted an audit and inspected over 178,000 building projects in the region, among which 1,011 showed signs of dangerous cladding. In response to the findings, Fair Trading minister Matt […]

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Cheap Hybrid Systems for Earthquake-Resistant Buildings

Dr Minghao Li, a structural timber engineer at the University of Canterbury and his team, including researchers from Tongji Univeristy in China are currently looking for low-cost alternatives to build earthquake-resistant buildings. They recently shook a 8.8 metre building that was constructed out of cheap materials readily available in New Zealand to see the impact. […]

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Economy gets boost from building sector

New Zealand’s booming construction sector remains one of the main pillars for the country’s economic growth, benefiting from an expanding population in need of housing and spurring activity in other industries. Government data today showed the construction sector grew 5 percent in the three months ended June 30, making the biggest contribution to a 0.9 […]

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Future demands for construction workforce

More construction workers will be needed to supply the sufficient labour power to support the nationwide boom in construction investment and developments. With different reports detailing the positive statistics of projects and growth, employment in construction is definitely a factor as the building trend continues. With investments in the construction sector expected to peak at $37 billion in […]

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NZ building activity grows

Auckland dominated construction for both residential and commercial construction as NZ building activities continue to grow for a fifth quarter in the March period. Volume of residential activity rose 5.5 percent and commercial for 5 percent. In the same period, the comparison in increase is significant than that of the March quarter last year. Building […]

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