Building and Construction Industry Security of Payment Act
The Security of Payment legislation gives contractors and suppliers making claims for payment for works performed significant rights with respect to their claims. A claim served in accordance with the legislation can assist a contractor or supplier seeking to recover payment of its claim.
The legislation also imposes a number of obligations of which parties receiving payment claims made under the Act need to be aware. There can be significant consequences in failing to comply with the Act or not appropriately responding to a payment claim.
We can assist you in using the legislation to work for you as well as protecting your rights.
Contact us to find out more or to arrange a consultation.