In construction, trust is everything. When you’re building someone’s dream home or managing a multimillion-dollar project, everyone in the chain, from owners to suppliers, needs confidence that the builder can deliver, not just technically, but financially.
CreditWorks data continues to show the Construction sector having the highest payment arrears of any industry, whilst new sales and consents continue to be soft. These indicators are ultimately playing out in sobering insolvency numbers for the Construction sector – currently double the rate of 2020 and making up a quarter of insolvencies across all industries. Behind each collapse are unpaid suppliers, delayed projects, and dramatically impacted customers.
These weren’t unforeseeable shocks; too often, the warning signs were sitting in the financials all along. Overall financial visibility is still a blind spot in our industry. Company failures, and project delays are still catching us off guard. Homeowners and funders are trusting builders with their biggest investment — but they currently have no simple way to assess financial strength.
That’s why today at Constructive 2025 our Founder, Ronnie Tan, joined Ankit Sharma, CEO of Registered Master Builders NZ, to officially launch FINZscore – Financial viability ratings for Kiwi Builders.
CreditWorks is proud to partner with Registered Master Builders NZ to launch another first for the NZ construction industry – improving transparency and creating greater financial confidence for all stakeholders.
Because if we can close the financial visibility gap, we can build not just houses — but confidence, trust, and resilience for the Construction industry.