Collecting Money From A Principal Under The Security Of Payments Act

  • This is one of the best tools in the whole of the debt collection industry.
  • When the contractor you are working for is untrustworthy and or unreliable and or incompetent you need to be able to bypass him and go to the principal contractor that he is working for.
  • The security of payments act make this possible once you have applied for adjudication
  • This is done with a ‘Payments Withholding Request’
  • And once a determination & judgement are obtained we can proceed to press the principal to release payment directly to you bypassing your debtor

It is important to approach the Principal as early as possible to ensure they don’t rush into paying the contractor when you aren’t being paid. We will draft an appropriate letter for this for you.

Contact RECOUP Contractor Debt Recovery Now

Recoup are the experts in preparing Security of Payments Act Payment Claims

  • Unless you are a highly experienced Contracts Administrator who has been through the adjudication process you may want to think twice about preparing and serving payment claims yourself.
  • We know what may render a payment claim invalid and or defective.
  • We know how to prepare a payment claim that will stand the test of a rigorous adjudication process.
  • We know how to effect proper service – this is critical.

Don’t risk your claim – Let us prepare and serve your payment claim to be sure all is in order.

Contact RECOUP Contractor Debt Recovery Now

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For Information Specific To The TAS Legislation

For Help Putting Together A Payment Claim

For Help Preparing An Adjudication Application

For Help Collecting Money From A Principal

For Help Enforcing A Judgement

Fast Debt Collection for Security Of Payments Act Tasmania Claims

Contact RECOUP Contractor Debt Recovery Now

 

 

Security Of Payments Act NSW
RECOUP Contractor Debt Recovery Are Your Best Option For Preparing & Running Security Of Payments Act Payment Claims & Adjudication Applications

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)”


For Information Specific To The South Australia Legislation

For Help Putting Together A Payment Claim

For Help Preparing An Adjudication Application

For Help Collecting Money From A Principal

For Help Enforcing A Judgement

Fast Debt Collection under Security of Payments Act South Australia

Contact RECOUP Contractor Debt Recovery Now

 

 

Security Of Payments Act NSW
RECOUP Contractor Debt Recovery Are Your Best Option For Preparing & Running Security Of Payments Act Payment Claims & Adjudication Applications

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)”


For Information Specific To The A.C.T. Legislation

For Help Putting Together A Payment Claim

For Help Preparing An Adjudication Application

For Help Collecting Money From A Principal

For Help Enforcing A Judgement

Fast Debt Collection under Security of Payments Act Australian Capital Territory

Contact RECOUP Contractor Debt Recovery Now

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)”

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Building & Construction Industry Security Of Payment Act 2002


For Information Specific To The VIC Legislation

For Help Putting Together A Payment Claim

For Help Assessing A Payment Schedule

For Help Preparing An Adjudication Application

For Help Collecting Money From A Principal

For Help Enforcing A Judgement

Fast Debt Collection under Security of Payments Act Victoria

Contact RECOUP Contractor Debt Recovery Now

 

 

Security Of Payments Act NSW
RECOUP Contractor Debt Recovery Are Your Best Option For Preparing & Running Security Of Payments Act Payment Claims & Adjudication Applications

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)”


For Information Specific To The QLD Legislation

For Help Putting Together A Payment Claim

For Help Preparing An Adjudication Application

For Help Collecting Money From A Principal

For Help Enforcing A Judgement

Fast Debt Collection under Security of Payments Act Queensland

Contact RECOUP Contractor Debt Recovery Now

 

 

Security Of Payments Act NSW
RECOUP Contractor Debt Recovery Are Your Best Option For Preparing & Running Security Of Payments Act Payment Claims & Adjudication Applications

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)”

Hon Duncan Gay MLC, Minister Roads & Ports, NSW Govt, 7th June 2012 : “RMS will cross check subbies claims against payments to Reed and if we haven’t paid already we will pay for work done” (paraphrased)

So, if you worked on one or more of the following Reed Constructions Australia Pty Ltd, RMS projects:

  • Great Western Highway Upgrade
  • Central Coast Highway Upgrade
  • Newcastle Inner City Bypass
  • Alfords Point Road Widening

And it was during the period 1 February 2012 – 27 May 2012 we can assist you prepare a claim direct on the Roads & Maritime Services for payment direct by Roads & Maritime Services.

Contact RECOUP now on 1300 732 687

1300 RECOUP Contractors Debt Recovery Contact Us For Security Of Payments Act Help

Geoof ReedWhen : Monday 9th July 2012

Where : Supreme Court, Sydney. Justice P Brereton

Applicant of Winding Of Winding Up Order against Reed : SCE Group (owed $265,000.00 approx’)

What Does This Mean For You as an Unsecured Creditor (Subcontractors) ? :

  • You have lost the opportunity to vote on a Deed Of Company Arrangement (DOCA) that may have assisted in the recovery of some of the monies you are owed.
  • Your two options are :
    • You can contact the Provisional Liquidator to request that Reed be put back into Administration to enable you to be able to vote on the DOCA. His name is Mark Robinson and his email address is mrobinson@ppbadvisory.com and Marks phone number is 0419 217 732.
    • If you choose the DOCA option it will be imperative to ensure the DOCA has provisions in it to maximise a return to unsecured creditors. RECOUP Contractor Debt Recovery will be working to this end.
    • You can contact the Provisional Liquidator to request that Reed stay in Liquidation but that he goes through the whole Reed Corporate Structure like a “dose of the proverbial salts” to unravel the myriad of inter-company transfers to find the missing $100m. His name is Mark Robinson and his email address is mrobinson@ppbadvisory.com and Marks phone number is 0419 217 732.
  • Geoff Reed / Other Reed owned companies were to contribute $11 million to the DOCA – this goes now that Reed Constructions is in Liquidation.

All this on the same day Ferrier Hodgson revealed :

  • There is a case to answer by Reed Directors for “Insolvent Trading” to an estimated value of $10 million.
  • The Reed parent company owes Reed Constructions Australia Pty Ltd $100 million
  • The Reed parent company is also hopelessly insolvent.
  • Ferrier Hodgson couldn’t explain where the $100 million has gone !!
  • Geoff Reed has only one asset to speak of, a highly mortgaged home and he would be worth about $300K if push came to shove and anyone pursued him personally.
  • The Reed families wealth is tucked away in a “Discretionary Trust” (Geoff Reed and other family members are the beneficiaries of this trust).

Where to from here :

  • Claims direct against Roads & Maritime Services for work completed after 31 January 2012 are more important than ever.
  • BER Subcontractors should note that Ferrier Hodgson estimated the Reed Claim against DEC should yield approximately $28 million – Every BER Subcontractor should bombard Barry O’Farrell with emails, faxes and phone calls asking for him to finalise the Expert Determination Process and pay this money : http://www.premier.nsw.gov.au/
  • Likewise, RMS Subcontractors should note that Ferrier Hodgson estimated the Reed Claim against RMS should yield approximately $19 million – Every RMS Subcontractor should bombard Barry O’Farrell with emails, faxes and phone calls asking for him to finalise the Expert Determination Process and pay this money : http://www.premier.nsw.gov.au/

The Biggest Questions To Be Answered : HOW COULD ROADS & MARITIME SERVICES GET IT SO WRONG ?  WHY DID THEY EVER GIVE REED Constructions FOUR MAJOR CIVIL WORKS PROJECTS IN THE FIRST PLACE ?

For Assistance call RECOUP on 1300 732 687

Yours faithfully

RECOUP Contractor Debt Recovery

Australia’s foremost Security Of Payments Act specialists.

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