Why our construction industry is broken, and how it can be rebuilt
For Auckland is a new Spinoff podcast of civic conversations with people working to create and sustain a better Auckland for all. In episode three host Timothy Giles spoke to Mark Spencer about how to build a construction sector that can build a world-class city.
The sector certainly needs improvement. Industry leader Mainzeal Property and Construction collapsed in 2013 owing $110 million and the effects are still being felt. The latest failure, Eberts Construction liquidated in August last year leaving debts that have grown to $108 million.
To help explain the issues the struggling sector is facing, and how to chart a way forward Mark Spencer, global director buildings for Beca and Committee for Auckland co-chair, joins our latest For Auckland podcast.
Spencer is an engineer who has worked his whole career in one of New Zealand’s construction success stories, Beca – a 3000-employee company that works across the South Pacific and Southeast Asia, with a fledgling presence in Europe. Spencer oversees Beca’s building practices in New Zealand, Australia, Myanmar, Singapore, Thailand, Indonesia and Europe, giving him a unique perspective from which to explain the challenges and opportunity for the construction industry to make Auckland into a world-class city. He believes New Zealand has unique characteristics to make a robust and healthy future achievable. For once, our lack of size is an asset – but only if the whole sector raises its aspirations and radically changes its behaviour.