A shining example… Global Stainless turns engineering into an art form

Global Stainless officially started business in 2004 by current owner Lincoln Raikes, after leaving Robert Stone Engineering (now FNE Engineering) in Hawera. Raikes had started experimenting with spheres back in 1995. He’d always had a dream of starting the business, and his son Bergen gave him the push he needed. Bergen, then 17, was due to leave school and was set on becoming a welder and fabricator like his dad.

High Court shines spotlight on payment schedules under the Construction Contracts Act 2002

In Templeton Kingsland Ltd vs. Dominion Constructors Ltd, the contractor served a statutory demand following the principal’s payment of just over $320,000 in response to a payment claim of nearly $6 million. The principal provided a payment schedule, but the contractor argued it was not valid. The Court’s reasoning for setting the demand aside serves as a reminder to all who prepare and receive payment schedules under the Construction Contracts Act 2002 (Act).