Construction stories
Australian firm Veyor raises over $4m in equity capital, attracting interest from construction industry heavyweights.
The COVID-19 pandemic has heightened risk for the construction industry, making software solutions crucial for reducing disputes.
BuildAi has secured $1.9 million in its latest seed funding round as the industry scrambles to find viable solutions to adapt to COVID-19 lockdowns.
Most construction firms cannot see third-party risks clearly, leaving projects exposed to delays, cost blowouts and compliance failures.
Labour shortages and supply bottlenecks are pushing New Zealand construction inflation to one of the OECD’s highest levels.
Builders face stricter site controls, from masked public interactions to work bubbles and tracing records, as New Zealand shifts to Red.
Government buyers and contractors gain new procurement guidance aimed at boosting jobs, cutting waste and lifting long-term public value.
Contract wording will decide whether builders absorb Covid-19 shutdown and isolation costs, with no automatic time extension if it is silent.
Construction firms are under pressure as insolvencies account for a quarter of all business failures, with New Zealand now watching closely.
Tree roots can crack walls and disrupt drains when dry soils shrink, making monitoring essential for homes and infrastructure.
Adopting 4.0 technologies could lift New Zealand construction wages by GBP £3.5 billion and add up to USD $8 billion to GDP over five years.
Builders will follow new Covid-19 rules from 3 December, with simpler site guidance and fresh advice on vaccinations, mental health and risks.
Technology could cut waste and carbon emissions in construction as firms tackle delays, labour shortages and rising budget blowouts.
Delays and cost pressures are looming for major works as New Zealand struggles to secure key construction materials, a new study finds.
New Otago University research shows New Zealand’s construction workers face more than twice the suicide risk of the wider workforce.
A Dunedin office project will trial real-time BIM safety tools as construction firms seek to curb a sector that drives 16% of ACC work claims.
Industry leaders say the draft 30-year plan could give New Zealand clearer funding, planning and delivery for vital infrastructure.
Kiwi architects and builders could gain work as the island's new runway opens direct flights, boosting trade and tourism links.
Wider definitions of retention money could expose principals, head contractors and directors to fines of up to NZD $200,000 under the bill.
Construction managers could gain real-time alerts and a full-site view as five firms trial AI tools to curb incidents and injuries.
