Crossword Genius

Start company with one thousand hands and some building material (12)

Ross

I believe the answer is:

commencement

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'start' is the definition.
(synonyms)

'company with one thousand hands and some building material' is the wordplay.
'company with' becomes 'co' (abbreviation. I am not sure about the 'with' bit.).
'one thousand' becomes 'm' (Roman numeral for a thousand).
'hands' becomes 'men' (synonyms).
'and' is a charade indicator (letters next to each other).
'some building material' becomes 'cement' (cement is a kind of building material).
'co'+'m'+'men'+'cement'='COMMENCEMENT'

Can you help me to learn more?

(Other definitions for commencement that I've seen before include "Origin" , "Start" , "Beginning" .)

I've seen this clue in the Sydney Morning Herald.
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