January 2023

Cost Tracking Projects – Why It’s Important

As a construction professional, you know firsthand the importance of staying on budget and delivering projects on time. However, simply completing a project within the allotted budget and timeline is not enough to ensure the financial success of your business. In order to truly be profitable, it is crucial to track the costs of each …

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The Difference Between Price Cost & Provisional Sum

Wondering what is the difference between prime cost and provisional sum? Here is a full explanation of the difference between PC Sums and Provisional Sums in the New Zealand construction industry: PC Sums, which stands for “Provisional Costs,” and “Provisional Sums” are two terms often used in construction contracts. It’s important to know the difference …

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7 Tips To Stay Afloat In The Building Industry

There are many reasons why a building company in New Zealand might go into liquidation. Some possible reasons include financial mismanagement, failure to complete projects on time, failure to pay debts or taxes, and failure to meet safety regulations. In some cases, a company may go into liquidation as a result of market conditions, such …

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Cost of building in New Zealand

Cost of building a house in NZD is a really difficult task. How much will it cost? cannot be  answered simply because every house in New Zealand is unique. In New Zealand, the  cost of building a house is more expensive than it was five years ago. 

Plans must be available, or at the absolute least concept drawings and a list of the  products to be included, in order to obtain an “exact ballpark” estimate. Greater effort and  attention to detail, including a “schedule of products” to be used, are required the more  accuracy you seek.