An adjudication process can be a helpful method for anyone involved in a Security of Payments dispute. With the help of a legal expert, the dispute can be resolved in no time.
Aside from enforcing the rights of builders and contractors under the Act, one of the benefits of the Security of Payment Act is that it provides builders and contractors a quick and inexpensive process of obtaining theor rightful payment. An adjudication is, firstly, not a court process. Rather, it is a quicker method in resolving disputes than lengthly and costly court process where an adjudicator is appointed to settle the dispute.
Upon the Security of Payment Act’s legislation, its primary objective is to make sure that contractors and subcontractors get paid. If payment disputes or problems arise such as late payment, short payment or non-payment, the contractor’s right to file for adjudication is enforced.
By written submissions. However, there are turn of events that can eventually lead to a court trial.
Contracts Specialist is a Sydney-based construction law firm that deals with Building Disputes, Construction Contracts, Debt Recovery, and Security of Payment. With Contracts Specialist, you are ensured that you are in good hands.