The Most Effective Form Of Debt Recovery For The Building & Construction Industry Is The Security Of Payment Act NSW
“Security Of Payment Act NSW is industry specific legislation that makes the difference between getting paid, or working for nothing, for many subcontractors who have to battle builders that refuse to act honourably and fairly”
No other industry has legislation specifically enacted for it to help industry participants recover debts like the Security Of Payment Act does for building and construction contractors.
If you are wondering what is the best way to resolve a payment dispute that relates to a building and construction project in New South Wales you should look no further than the Security Of Payment Act NSW.
It doesn’t matter whether you are a consultant, architect, engineer, supplier, tradie, subcontractor, or head builder, there is no better alternative to the Security Of Payment Act NSW.
The benefits of the Security Of Payment Act NSW are enormous.
There is no quicker, cheaper, more successful way to obtain a court judgment than by having your claim for payment adjudicated under the Security Of Payment Act NSW.
Once you have a court judgment against the person or company that owes you the money for the work that you have done, or the materials that you have supplied, then they can no longer pay how much they want when they want, make excuses, or ignore you altogether.
The process under the Security Of Payment Act NSW is; claim, notify, adjudicate. In terms of simplicity, just 3 steps. It is important to note though that each step of the process is highly technical which means defective and invalid claims will not be successful at adjudication.
To get through the debt recovery process using the Security Of Payment Act NSW without any hiccups fill out our online claim form and we will have a court judgment against your debtor which we can enforce to collect the money that you are owed.
Security Of Payment Act NSW Flowchart Below Sets Out Possible Scenarios And Time-frames