What’s New
New SA-2025 Coming Soon
New SA-2025 Coming Soon
March 2025
Master Builders, in partnership with the Specialist Trade Contractors Federation and Hazelton Law, have been actively working to update the SA-2017 subcontract agreement to align with the latest standards introduced in NZS 3910:2023.
This revision aims to reflect the updated contractual frameworks, risk allocation, and best practices outlined in the new standard, ensuring greater clarity and fairness for all parties involved in construction projects.
The updated agreement is in its final stages and is expected to be released soon, providing subcontractors and main contractors with a modernised and industry-aligned contractual tool.
Master Builders unveils sector first - principles and guidelines for Good Contracting
July 2024
Master Builders has introduced new principles and guidelines to improve productivity and ensure fair risk allocation during the planning stages of major construction projects. Lengthy and inconsistent procurement processes have been identified as key barriers to delivering critical infrastructure like hospitals and schools on time and within budget.
Developed by Master Builders’ Commercial Working Group, the Vertical Construction Leaders Group, and Hazelton Law, the Principles of Good Contracting provide guidance on key contract areas such as Termination for Convenience clauses, Extension of Time Principles, and Risk Allocation under NZS 3910. It also includes a standard pre-construction contract template to help fairly distribute risk in long-lead procurement projects.
Master Builders CEO Ankit Sharma emphasised that “good contracting produces good outcomes,” fostering collaboration between clients and contractors from the start. Nick Clayton of Naylor Love, who contributed to the initiative, highlighted that project success depends on trust and fair risk allocation rather than self-interest.
Designed by the sector, for the sector, these resources aim to lift productivity and empower contractors to take on projects with confidence.
Official launch of the Vertical Construction Leadership Group
1 November 2022
The Group’s establishment brings the sector together to provide a coordinated focus on crucial issues impacting productivity and the sector’s ability to deliver critical infrastructure, including our schools, hospitals, and workplaces.
The Group is due to be formally launched by Minister of Building and Construction, Hon Dr Megan Woods on 1 November 2022 in Auckland.
