Latest Security of Payment Articles

A construction payment schedule is an essential part of the construction industry, ensuring that all parties involved are paid on time for their services. Without it, payments may be delayed or disputed, causing unnecessary stress and costs for everyone involved. This article will provide an overview of what a payment schedule is, why it’s important for construction projects, and the legal requirements for preparing and serving one. We’ll also discuss how builders can protect themselves under the Security of Payment Act and negotiate better with their contractors by understanding how a payment schedule works.

Homeowners in NSW must know the risks of the Security of Payment Act (SOPA). The law grants builders the right to progress payments and a fast payment process. Lack of knowledge can disadvantage homeowners. We’ll give an overview of SOPA risks and practical tips to manage them.

Be informed of the relevant changes to the Security of Payment Act in NSW, affecting construction contracts entered into on or after 21 October 2019.

Adjudication is the quickest, most convenient, and most cost-effective way of enforcing unpaid claims for construction work performed. Read on for a simple guide to adjudication under the Security of Payment Act.

What do you do if you’ve served your Payment Claim but still remain unpaid beyond due date? Or if the person owing you, insists on paying less than the amount you claim? In this article, we let you in on the different ways to enforce progress payments.

Under the Building and Construction Industry Security of Payment Act 1999 (NSW), also known as the Security of Payment Act (“SOPA”), progress payments for construction work performed, or for related goods and services provided, may be recovered by serving a Payment Schedule. More often than not though, the persons required to pay, disagree with the claimed amount. In such case, SOPA requires them to serve a Payment Schedule. Find out everything you need to know about building and construction payment schedules here

The Building and Construction Industry Security of Payment Act 1999 (NSW) enables persons who carry out construction work, or supply related goods and services, to recover progress payments by the simple act of serving a Payment Claim. Find out what goes into a valid Payment Claim, and how you can validly serve the same.

Is debt recovery from unpaid construction work a challenge for you? Find a quick, simple solution via the Security of Payment Act (NSW).

Don’t let yourself get paid late or get ripped off by dodgy builders or owners. Know where you stand with relevant construction laws, particularly with this comprehensive discussion of the Security of Payment Act.