A contractor presents a payment claim to his/her client to claim all the construction work done on the building project or the work completed for every phase. It is specified in this particular document all the work that had been done and how much each costs.
In the construction industry, every task completed always has an equivalent payment that contractors and builders rightfully deserve. Paying the people who carried out construction services and supplied goods and materials is obliged under the Building and Construction Industry Security of Payment Act 1999 which originated in New South Wales. Hence, payment claims should not be belittled as these claims are the rights enforced to the builders. Moreover, the Act also enforces the rights of builders and contractors to file an adjudication, recover debts, and even suspend work for a couple of days in case of payment disputes.
It is the issuance of payment claims and payment schedules that makes the payment process quicker.
The final payment of the construction work including the work carried out and related goods and services that were written in the contract.
Single payment for all construction work and related goods and services written in the contract.
Payment based on a date or event. Also called a “milestone payment.”
There are a number of construction work and services that can be claimed by the contractors. These construction work include landscaping, building work, maintenance, and electrical and civil engineering work. Other services include plant or equipment hiring, demolition, supply of construction materials, and even professional services such as soil testing and architectural design.
Specified construction work can be claimed under a payment claim. A claimant (the contractor) may claim not just for the construction work and services that were done. A claimant may also claim for the construction materials supplied, overdue interest of progress payments, money from retention, as well as losses and additional expenses.
Contractor clients must understand and must always keep in mind that construction work is a very tedious task. It must also be kept in mind that construction work can also be very expensive.
In a country like Australia where cities such as Sydney, Melbourne, and Brisbane are three of the most expensive cities for building and construction in the world, it is no question that the building and construction industry in the Land from Down Under requires an equivalent just process to enforce the right of contractors (and their employees) to acquire the payment that they deserve.
Contracts Specialist is focused on making sure that builders’ and contractors’ rights are enforced in accordance to the Security of Payment Act. We can help you from the planning phase until the completion of your building project and ensure you that you are rightfully paid for your construction work.
Our specialist building and construction lawyer has vast knowledge and experience in construction contracts and disputes, including on the application of the Security of Payment Act.
Because we have been doing this for a long time, we:
With Contracts Specialist, you can be assured that you will be in good hands.