Mainzeal

Type: Company
Name: Mainzeal
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Retentions trust for subbies – a workable solution?

The Government is promising better protection for sub-contractors’ retention payments through a Supplementary Order Paper (SOP) to be introduced to the Construction Contracts Amendment Bill when Parliament reconvenes after the election.Drafting instructions ... [Published Lexology - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Problems seen in not segregating retention money

Proposals are afoot to stop construction subcontractors beingleft in the lurch when developers and main contractors gobust, but the proposal has not been fully embraced by thecountry's largest legal firm.Post-global financial crisis, the fall of developers ... [Published Otago Daily Times - Sep 10 2014]
First reported Sep 09 2014 - Updated Sep 10 2014 - 1 reports

Labour accuses Govt of stealing its subcontractors policy (Newstalk ZB)

Labour is crying foul over the Government's policy to protect subcontractors.In order to avoid a repeat of the Mainzeal collapse situation, where subcontractors were left out of pocket, National is proposing to require companies to place retention payments ... [Published Yahoo!Xtra - Sep 09 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Retention trust small gain for little contractors

Small contractors stung by building company collapses will get little change from . Building and Construction Minister Nick Smith said yesterday the act would be changed to force contractors and developers to hold retention money in trust.Retentions are ... [Published The Press NZ - Sep 09 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 8 reports

Govt taking on developers over payment ...

Photo: Mainzeal, a company that collapsed owing money to subcontractors (Newstalk ZB Staff)Updated 2.12pm: The Government's planning a crackdown on developers to ensure subcontractors, like electricians, plumbers, painters, plasterers, tilers and others ... [Published Farming - Sep 09 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Midday Update: New Zealand’s richest man Graeme Hart hires bankers to sell packaging businesses

Sept. 9 (BusinessDesk) – New Zealand billionaire Graeme Hart's Rank Group has hired three investment banks to run separate sales of three units in his global packaging empire in what could generate some US$9 billion, according to a media report.The Financial ... [Published Yahoo! Xtra Business - Sep 09 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

Rilean Construction appoints new homes contracts manager (Fuseworks)

Award-winning Rilean Construction has recruited Lisa Burroughs as new homes contracts manager to assist the company’s expansion with a focus on its energy efficient evolution home series.Originally from Wellington, Ms Burroughs has worked in the industry ... [Published Yahoo! News Australia - Sep 04 2014]
First reported Aug 24 2014 - Updated Aug 24 2014 - 1 reports

Work on courthouse nearly finished

The $1.2m two-stage upgrade of New Plymouth Courthouse is on track to finish by the end of this month.The rundown and leaking building was well overdue for a refurbishment. It dates back to 1965.Weather permitting, work on waterproofing the entrance atrium ... [Published Taranaki Daily News - Aug 24 2014]
First reported Aug 18 2014 - Updated Aug 18 2014 - 1 reports

Progress for Coastlands Aquatic Centre

Kapiti Coast District Council | Coastlands Aquatic Centre |It's been open for a year, but Coastlands Aquatic Centre is a step closer to finally being finished.The Kapiti Coast District Council has given the go-ahead for the final cost of construction ... [Published Newstalk ZB - Aug 18 2014]
First reported Aug 18 2014 - Updated Aug 18 2014 - 1 reports

Council close to settling final cost of Coastlands Aquatic Centre (Fuseworks)

Council has given the go ahead for officers to negotiate a final cost for construction of the Coastlands Aquatic Centre.Two resolutions were passed after a public-excluded meeting held to discuss extra costs incurred as a result of the main contractor ... [Published Yahoo!Xtra - Aug 18 2014]
First reported Apr 08 2014 - Updated Apr 08 2014 - 1 reports

Mainzeal receivers recoup $28M from asset sales, recoveries

Mainzeal receivers recoup $28.3 mln from asset sales, recoveries, distribute $3.6M to liquidators ... [Published Scoop NZ - Scoops - Apr 08 2014]
Entities: Mainzeal, Liquidation
First reported Apr 02 2014 - Updated Apr 02 2014 - 1 reports

Mainzeal liquidator steps up pressure on director Yan

April 3 (BusinessDesk) - The liquidators for the Mainzeal group are stepping up their pressure on former director Richard Yan as they try to get to the bottom of the construction company’s failure. ... [Published Scoop NZ - Business - Apr 02 2014]

Quotes

"What would help us is the Government stopping these ratbags from starting up again so easily. We are always the poor bastards who get caught."
"We're on the verge of the biggest building boom in 40 years. We've been working with the construction industry about the sort of changes that would work better for the industry, and we think subbies are too exposed."
"That will provide increased certainty for those subbies that they will get paid for the work that is done" he said

More Content

All (22) | News (19) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Retentions trust for subbies – a workable solut... [Published Lexology - Sep 11 2014]
Problems seen in not segregating retention money [Published Otago Daily Times - Sep 10 2014]
Law change to make retentions held in trust [Published Bob Dey Property Report - Sep 10 2014]
Retention trust small gain for little contractors [Published The Press NZ - Sep 09 2014]
Labour accuses Govt of stealing its subcontract... [Published Yahoo!Xtra - Sep 09 2014]
Govt taking on developers over payment ... [Published Farming - Sep 09 2014]
Better protection for subbies wages [Published Radio New Zealand - Sep 09 2014]
Midday Update: New Zealand’s richest man Graeme... [Published Yahoo! Xtra Business - Sep 09 2014]
Law change helps subcontractors [Published Timaru Herald - Sep 09 2014]
Govt taking on developers over payments to subc... [Published Newstalk ZB - Sep 09 2014]
Subbies to get protection for rententions [Published Interest.co.nz - Sep 09 2014]
Greater protection for subbies proposed [Published MSN New Zealand - Sep 09 2014]
Smith proposes increased protections for subbie... [Published Yahoo! Xtra Business - Sep 09 2014]
Subbies to get better protection for payment - ... [Published Yahoo!Xtra - Sep 09 2014]
Rilean Construction appoints new homes contract... [Published Yahoo! News Australia - Sep 04 2014]
Work on courthouse nearly finished [Published Taranaki Daily News - Aug 24 2014]
Progress for Coastlands Aquatic Centre [Published Newstalk ZB - Aug 18 2014]
Council close to settling final cost of Coastla... [Published Yahoo!Xtra - Aug 18 2014]
Mainzeal receivers recoup $28M from asset sales... [Published Scoop NZ - Scoops - Apr 08 2014]
Mainzeal liquidator steps up pressure on direct... [Published Scoop NZ - Business - Apr 02 2014]
Mainzeal liquidation racks up $523k in legal fees [Published Scoop NZ - Business - Mar 27 2014]
Workers learned about Mainzeal's fall through m... [Published Topnews.in - Feb 09 2013]
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sort by: Date | Relevance
Mainzeal receivers recoup $28M from asset sales... [Published Scoop NZ - Scoops - Apr 08 2014]
Mainzeal receivers recoup $28.3 mln from asset sales, recoveries, distribute $3.6M to liquidators ...
Mainzeal liquidator steps up pressure on direct... [Published Scoop NZ - Business - Apr 02 2014]
April 3 (BusinessDesk) - The liquidators for the Mainzeal group are stepping up their pressure on former director Richard Yan as they try to get to the bottom of the construction company’s failure. ...
Mainzeal liquidation racks up $523k in legal fees [Published Scoop NZ - Business - Mar 27 2014]
March 27 (BusinessDesk) - The liquidators of the Mainzeal Group of companies have racked up $523,000 in legal fees since taking on the administration, as they face several court battles with the failed construction firm’s principal, Richard Yan. ...
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