Security of Payment
The Building and Construction Industry Security of Payment Act 1999 NSW is designed to maintain the stability and efficiency of the construction industry by establishing a statutory entitlement to progress payments, adjudication of disputes over progress payments and speedy enforcement of payment.
We can assist in all legal matters under this Act including:
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Making a claim for payment
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Responding to a claim
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Appealing a decision
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Pursuing payment
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Adjudication
While the Act is designed to facilitate the resolution of disputes, a detailed understanding of how the Act works for all parties is essential if you are pursuing or defending actions under it. We have years of experience in dealing with cases under this Act and will bring all our understanding and expertise to ensure superior results.
This Ready Reckoner flow chart explains how the process works.
For advice on Security of Payment issues, contact us to discuss your requirements.