Accord Funding Towards Better Business Performance In Specialist Trades
The Construction Sector Accord is funding the development of a benchmarking scheme to improve business performance for construction specialist trades, as part of its work to lift business performance in the construction and infrastructure sector.
“Promoting better business practice is a key goal of the Accord Transformation Plan. We know it’s difficult for businesses – especially smaller ones – to access information on how to run a successful and high-performing construction-related business,” said Construction Sector Accord Director Dean Kimpton.
“These new measures will greatly benefit the mostly small or medium businesses that deliver our specialist trades - electrical, plumbing & gas-fitting, roofing, scaffolding, steel, concrete & ventilation,” said Mr Kimpton.
The Registered Master Builders Association will adapt measures already developed for lead contractors in the vertical construction sector, which include around 60 financial, operational and commercial metrics.
Businesses will upload metrics into a web-based system and they will receive reports on their business and wider industry trends.
“The business performance metrics framework will allow businesses to benchmark themselves against their peers and identify opportunities leading to higher performing and more resilient businesses,” said David Kelly, Master Builders Chief Executive.
“We know this approach works from our work with the Vertical Construction Leadership Group, and we know from listening to our members that smaller businesses need this sort of support,” said Mr Kelly.
The project’s delivery will be supported by the Specialist Trade Contractors Federation.
“SME construction businesses make up the majority of the sector and are sensitive to economic cycles. Improvements for this sector will have a significant impact on lifting the overall construction sectors performance and resilience,” said Federation President Graham Burke.
Mr Burke says interested parties can contact the Federation for further information.
The development phase of the project is scheduled for completion in November 2021.
Note to Editor
Construction Sector Accord
The Construction Sector Accord is a joint commitment from government and industry to work together to create a high performing construction sector for a better New Zealand.
It created a platform for industry and government to work together to meet some of the key challenges facing the sector including skills and labour shortages, unclear regulations, a lack of coordinated leadership, an uncertain pipeline of work and a culture of shifting risk.
The Registered Master Builders Association of New Zealand Incorporated (“RMBA”) is an incorporated society and membership organisation for New Zealand builders (including building companies). It represents more than 3,000 building companies and builders across the country and supports its members and the wider sector by providing training, business tools and advocacy services.
Specialist Trade Contractors Federation
The Specialist Trade Contractors Federation is an umbrella group of organisations representing the specialist trades, including electrical, plumbing, gasfitting, drainlaying, scaffolding, heating and ventilation, reinforcing, roofing, precast concrete, windows, ceilings, and wall linings.