N E W S - I N D U S T R Y M A T T E R S
count on us.
M2 protected with area replacement cover:
8 4 2 9 7 4 0 *
12 April 2018
*Count based on recorded policy data as at 30 Sept 2017.
Please see the full policy wordings which are available at
mas.co.nz or by calling 0800 800 627.
MAS is a Qualifying Financial Entity (QFE) under the Financial
Advisers Act 2008. Our QFE disclosure statement is available
at mas.co.nz or by calling 0800 800 627.
8,429,740. That’s the square meterage
of buildings that MAS Members have
covered by our Area Replacement
house insurance option, without having
to worry about getting the cost to
rebuild their house wrong.
All they need to do is to tell us how
big the house is and to count on us to
look after the rest.
Talk to us about our house,
contents and car insurance
today by calling 0800 800 627
or visit mas.co.nz
Far out Faro
Faro, the world’s most trusted
source for 3D measurement and
imaging solutions for 3D design,
announces the immediate availability
of Faro RevEng — an
advanced software platform
that provides a comprehensive
digital design experience.
RevEng enables users of Faro
Design ScanArm and Faro 8-axis
FaroArm systems to address
a variety of reverse engineering
and design challenges — suitable
for industries such as automotive
aftermarket, R&D, heritage preservation,
engineering services, and
Arrow International's voluntary
administrators have obtained a
High Court injunction ordering
Smith Crane & Construction to
leave one of its cranes on the site of
an 18-level $28 million apartment
development in Auckland.
Downfall of Arrow reflects high risk of construction
The voluntary administration of Arrow
vertical construction companies and
With fewer players in the industry to
International (NZ) will impact not just
it’s a real shame to see a well-respected
take on the current workload this was
on the employees of the company and
player exit the market. We need to see a
likely to exacerbate the issue.
its clients, but the wider network of
more equitable distribution of risk and a
Arrow Construction’s announcement
contractors and subcontractors who
more collaborative approach.”
of voluntary liquidation followed the
supported its construction projects
Times when there was a lot of work on
collapse of a other major construction
according to Civil Contractors New Zealand.
could be extremely difficult for construction
companies, including Ebert Construction
companies, who manage
in August 2018 and Corbel
Civil Contractors chief executive Peter
complex networks of subcontractors
Construction in December.
Silcock says Arrow’s collapse was yet
and suppliers, he says.
Mr Silcock says despite improved
another demonstration of what is wrong
“We need a more mature relationship
protection of retentions for sub-contractors,
with the construction industry in New
between clients and contractors. Part
it was “extremely disappointing”
Zealand at present, and unless the root
of the issue is clients repeatedly going
that many who had been
causes were dealt with it would continue
for lowest price but wanting a gold-plated
involved in Ebert’s work were still out
to be a major issue.
outcome. That’s fuelling incessant
of pocket, with disused cranes still
“Once again, this is about attribution of
litigation when the budget just won’t
standing next to abandoned work
risk. Arrow is one of New Zealand’s top
stretch to cover costs.”
Rockwell Automation, the world’s
largest company dedicated
to industrial automation and
information, has been recognised
by the Ethisphere Institute as one
of the 2019 World’s Most Ethical
Companies. Recognised for the
eleventh year by the Ethisphere
Institute, Rockwell Automation is
among a distinguished list of 128