Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New CreditWorks system welcomed

Media Release
For Immediate Release
10 September 2003


New CreditWorks system welcomed

New technology allowing the building industry to sort out who has bad debt has been welcomed by the President of the Wellington Registered Master Builders Association, Mike Fox.

“This is another step forward in professional management for the building industry,” Mike Fox said.

“By having a real-time credit watch system, we can make sure that some of the less than satisfactory operators in the industry cannot get supplies on credit which they can never pay back.

“Untrained and under-capitalised developers have been giving the whole building and construction industry a bad reputation, and this new system will allow suppliers and creditors to make informed decisions before they make any commitments.”

Credit Reference Industry Solutions (CRISworks) has been developed by CreditWorks Data Solutions. It was launched on Friday by the Minister of Commerce, Hon Lianne Dalziel. They are currently hosting a road-show around the country, outlining the new system to the building industry, which will be in Wellington tonight.

“This is a very positive step for the whole industry, the new technology will allow the information to be at your fingertips. It will also mean that the industry will have to work together to ensure that the data is complete,” Mr Fox said.

With CRISworks being launched, and the Building Bill at the Select Committee stage, builders, suppliers, and the general public will be safer, and covered from all angles.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: