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New Zealand Mandates Warranties for All Building Projects

11/24/2025

50 10 Full Breakdown

Summary

Story summary

The New Zealand Government will implement a mandatory warranty scheme for all building work.
Currently, 46% of new builds have warranties, costing 0.3%–0.6% of total build cost.
Minister Chris Penk emphasized the scheme will help homeowners find suitable coverage.
Architects and engineers will be required to hold professional indemnity insurance.
The Government will raise penalties for builders who violate the Building Act and create new offences.

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Story summary

The New Zealand Government will implement a mandatory warranty scheme for all building work.
Currently, 46% of new builds have warranties, costing 0.3%–0.6% of total build cost.
Minister Chris Penk emphasized the scheme will help homeowners find suitable coverage.
Architects and engineers will be required to hold professional indemnity insurance.
The Government will raise penalties for builders who violate the Building Act and create new offences.