Misc

Building law passes early test

Advocates of the new Construction Contracts Act say one of the first cases to go to court has proved the legislation's strength.

Tuesday, March 23rd 2004

Building Subcontractors Federation chief executive Peter Degerholm and disputes arbitrator Geoff Bayley said a judgment in a North Shore case had reinforced the need for the act and showed that its provisions worked.

In the case, Jim Brennan's TUF Panel Construction sued Robert Capon of Creamala Developments and Newco Construction.

The matter was heard in the North Shore District Court last month and Judge David Wilson delivered a reserved judgment last week, finding in favour of Brennan and ordering that Capon pay more than $82,000.

The case arose after Capon contracted Brennan to manufacture tilt-up formwork concrete panels for an industrial/residential building project in Albany.

Brennan said after the case that TUF manufactured more than 90 per cent of the 30-plus panels and subsequently billed Capon, who had made progress payments of $19,000.

When the full bill was unpaid by November, Brennan sought summary judgment under the Construction Contracts Act 2002. The act came into force in April last year.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
Co-operative Bank - First Home Special 4.74
AIA - Go Home Loans 4.75
Unity Special 4.80
Co-operative Bank - Owner Occ 4.84
China Construction Bank 4.85
Kiwibank Special 4.95
Kainga Ora 4.95
China Construction Bank 4.95
ICBC 4.99
AIA - Go Home Loans 5.25
Unity Special 5.29
Co-operative Bank - First Home Special 5.29
SBS Bank Special 5.29
Co-operative Bank - Owner Occ 5.39
Kiwibank Special 5.39
ASB Bank 5.45
Westpac Special 5.45
SBS Bank Special 5.49
BNZ - Std 5.49
Westpac Special 5.49
ASB Bank 5.59
AIA - Go Home Loans 5.59
ICBC 5.65
Kiwibank Special 5.69
Kainga Ora 5.69
Co-operative Bank - First Home Special 5.89
Co-operative Bank - Owner Occ 5.99
TSB Special 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.20
Co-operative Bank - Standard 5.34
Co-operative Bank - Owner Occ 5.34
ICBC 5.39
Kainga Ora 5.79
Heartland Bank - Online 5.80
SBS Bank 5.84
Pepper Money Prime 5.99

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.