by Ben Rickard | Jun 8, 2020 | Guarantees
There are always two sides to every story. It’s no different when it comes to payment schedules in a building contract. Customers (and their lenders) generally prefer to pay for work after it has been supplied. On the other hand, many builders would like to get...
by Ben Rickard | May 21, 2020 | Guarantees
While the precise impact of a recession on our construction sector is unknown it will no doubt affect many small businesses as less work is pushed through the pipeline. For savvy business owners there are options to help both reduce risk to their own profitability and...
by Ben Rickard | Mar 23, 2020 | Guarantees, Insurance
How A Guarantee Can Help You Win Clients In Uncertain Times + Other Ideas To Help Your Business In the last month more than 250 builders have enquired about becoming accredited for our independent 10 Year Guarantee. This is on top of the more than 100 who applied in...
by Ben Rickard | Jul 10, 2019 | Guarantees
MBIE are currently reviewing aspects of New Zealand’s building system. Part of this review includes how risk is allocated across the various players in the sector. One recommendation would: Require that a guarantee and insurance product is put in place for all...
by Ben Rickard | Jun 13, 2019 | Guarantees, Insurance
We often hear from builders who want to make sure they’re “covered for everything”. Unfortunately, protecting yourself from every possible event is, like life, simply not possible. Like life, insurance is a balance between risk and cost. However,...
by Ben Rickard | Jun 28, 2018 | Guarantees
Over half of New Zealand construction companies will fail within four years. And 75% will have closed within 10. [1] These are alarming statistics, but unsurprising to many who work within the building industry and understand the risks. From our own experience we know...
