The Security Of Payment Act not only has a strict set of processes but it has statutory requirements that cannot be sidetracked.
For example:
A payment claim must properly describe the work being claimed so that the respondent can properly assess the claim.
If this requirement is not met a claim will be determined to be invalid and the whole process must start over again.
This one example show the importance of good contract and project administration. The key areas to focus on are:
- Record Keeping
- Variations
- Extension Of Time Claims
- Dispute resolution
- Progress Claims
- Final Claims
- Deed Of Release
- Retention Claims
Trying to stay on top of the aforementioned items without any plan, structure and discipline will more than likely bring you unstuck. We provide a comprehensive range of services to help you get set up properly or to we can provide ongoing support as need be.