Giving Builders More Time To Pay isn’t The Answer.
Security Of Payment Act Claims Are The Best Solution For Building & Construction Debt Recovery
RECOUP is Australia’s No1 Construction Debt Recovery Company Specialising in the Preparation of Payment Claims & Adjudication Applications under the Security Of Payment Act.
According to Mark Robinson of PPB Advisory a common cause of insolvency in the building & construction industry is under capitalisation.
This means that when cash flow slows due to a contracting market or a dispute this leads to subcontractor, supplier, and consultants payments get put on hold, sometimes indefinitely.
Last year RECOUP proved that in these circumstances first in is definitely best dressed – in other words the creditors that we pressed claims for as a matter of urgency got paid but those who were too patient didn’t get paid.
If you are owed money by a building & construction company you should call us today to begin a claim under the Security Of Payment Act for you.
Call RECOUP on 1300 RECOUP (1300 732 687)
Or send us a copy of your unpaid invoice to start the process by either :
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)”