Building & Construction Industry Security Of Payment Act 1999
Assessing Security Of Payments Act NSW Payment Schedules New South Wales
This page deals with assessing Security of Payments Act NSW Payment Schedules under the Building & Construction Industry Security Of Payment Act 1999 for building and construction contractors debt collection.
Who Should Assess The Payment Schedule
- Unless you are a highly experienced Contracts Administrator who has been through the BCISPA 1999 adjudication process you may want to think twice about assessing payment schedules yourself.
- We know whether a payment schedule is invalid and or defective under the BCISPA 1999.
- We know if a payment schedule that has been served on a claimant will allow the Respondent to defend themselves at adjudication and if it will stand the test of a rigorous adjudication process.
- We know whether or not the Respondent has effected proper service in accordance with the Building & Construction Industry Security Of Payments Act 1999 – this is critical.
What Is A Valid Payment Schedule
A valid Payment Schedule must identify the Payment Claim to which it relates and it must schedule an amount for payment pursuant to the BCISPA 1999.
What Are The Critical Elements of A Payment Schedule
A strong Payment Schedule has many reasons for withholding payment.
How Must A Payment Schedule Be Served
The BCISPA 1999 is very clear; you must effect proper service.
We are Australia’s No #1 Security of Payments Act Specialist – GET STARTED HERE…
Now at almost $100 million in recovered Contractor Payments – RECOUP Contractor Debt Recovery are Trusted by more Industry Groups and Trade Associations throughout Australia than any other debt collection agency.
RECOUP are Security Of Payments Act Experts & Debt Recovery and Debt Collection Specialists for Building and Construction Contractors. RECOUP aims to keep all stakeholders in each state up to date with changes and developments in each state’s legislation that impact claiming payments for building and construction work. RECOUP provides information and assistance regarding the following legislation:
New South Wales: “Building and Construction Industry Security of Payment Act 1999″
Victoria: “Building and Construction Industry Security of Payment Act 2002″
Queensland: “Building and Construction Industry Payments Act 2004″
Australian Capital Territory: “Building and Construction Industry (Security of Payment) Act 2009″
South Australia: “Building and Construction Industry Security of Payment Act 2009″
Tasmania: “Building and Construction Industry Security of Payment Act 2009 (No.86 of 2009)”