NSW Defect Bond Scheme is Beset with Problems
Few issues force politicians to act on dodgy building practices more than reports of 85 percent of new apartments being riddled with defects.
Governments Must Get Rid of Builders Warranty Insurance
Builders Warranty Insurance (BWI) and its many name changes over the past 15 years remains exactly the same product that CHOICE describe as the worst insurance...
Prosecutable Offences Under the Victorian Building Act 1993
There is a litany of ways by which a property owner or building practitioner can run afoul of the penalty provisions of the Building Act 1993.
The Security of Payment Act and its Important Consequences
The Security of Payment Act is meant to be critical for builders to get paid for construction works that they do.
Corporate Governance and Risk Management
It is public knowledge in NZ that Fletcher Construction has taken a large profit write down on two significant projects in Auckland and Christchurch to the...
Lawnmowers Next to the Cheese: Australia’s Big Box Boom
They are the roadside megastores that have muscled in on Australia’s retail market with affordable appliances, homeware goods, and produce.
Three Predictions for 2018
If you are going to be a forecaster, you need to forecast everything, often.
VCAT Designed to Be Tough on Building Consumers
It's worth nothing that for cases brought before VCAT where the claim is over $100,000 (after costs) a 60 per cent of claim win is usually...
Another WA Builder Calls Trading Halt
Another West Australian building company has suspended trading and operations due to financial viability problems a fortnight after one of the state's biggest builders, Cooper &...
Safety Concerns at Toowoomba Road Site
Ten heavy-vehicle rollovers in 18 months at a Queensland construction site have led to calls by the state government for reassurances the health of workers is...
Fletcher Building Shares Hit 5-year low
Fletcher Building shares touched their lowest levels in more than five years on Wednesday after the company's first-half results, which were clouded by losses at its...
Dumping West Gate a Jobs Threat: Andrews
Dumping Melbourne's West Gate Tunnel toll road will destroy the economy and jobs, Premier Daniel Andrews says.
Company Charged over Vic Painter's Death
A construction company has been charged over the death of a painter who fell from a building site in Victoria.
Formica May be Saleable Asset for Fletcher
Fletcher Building paid US$700 million to buy Formica Corp from private equity owners Cerberus Capital Management and Oaktree Capital Management in 2007.
Australian Construction Sector Continues to Grow
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.5 points to 54.3 in January, indicating industry-wide growth for a...
Fletcher Extends Trading Halt
Fletcher Building, which had planned to reveal bigger losses at its building and interiors (B+I) unit, has extended its trading halt until Wednesday saying it has...
Suspended CBL Needs Time to Raise Capital
Insurer CBL Corp says it hasn't worked out how much capital it needs to raise to satisfy regulatory solvency concerns and may take "a number of...