As a Professor of Civil Engineering with an MBA under his belt, Wayne Zeng saw founding a construction company as an important and logical progression in his life.
“I am highly committed to the construction industry,” says Wayne. “It’s a very dynamic and exciting industry to be involved in. We are the people that build the future and transform clients’ dream into reality. It’s a responsibility that I find hugely rewarding. It makes this industry the one I want to be a part of for the rest of my life.”
For more than a decade, Wayne’s company, Chancellor Construction, has been changing the game in New Zealand’s residential building industry. Using sustainable building practices, interactive systems to keep clients up to date and incredible cost management, Chancellor has built a reputation for delivering at a consistently high quality while never running over budget – a feat almost unheard of in the sector.
One of Wayne’s early strategies was to impose the highest quality standards and close supervision on everything from material selection to the construction process. “We only use high-quality and trustworthy building suppliers and contractors,” he says. “All our buildings are accredited by the Register Master Builders (RMB) Association and come with a Master Builders Guarantee.”
He has also invested in modular building technologies, such as cassette flooring, which significantly reduces building site wastage and improves health and safety as no cutting or manual handling of large size building materials are required onsite.
The results speak for themselves. Chancellor grew exponentially in its first five years and is on track to become one of New Zealand’s top 10 residential builders by value, forecast to reach an annual turnover of $50 million in 2022.