Security of Payments Archives - Bannermans Lawyers

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Category: Security of Payments

Beware of SOPA – 10 or Less Business days to Dispute Invoices

Security of Payments

Posted 10 August 2021

Owners corporations and owner occupiers entering into contracts with builders need to be aware of the Building and Construction industry Security of Payment Act 1999 (NSW) (SOPA) to avoid payment disp…

Dealing with Payments under the Building and Construction Industry Security of Payment Act 1999 (NSW) (“SOPA”)

Security of Payments

Posted 27 July 2021

Key Features of SOPA SOPA sets out a statutory framework for: Making a progress payment claim; Responding to a progress payment claim; Determining by adjudication the amount of a disputed prog…

Security of Payment – Changes to Legislation: What builders need to know

Security of Payments

Posted 27 July 2021

With record insolvency levels in the construction industry, the NSW Government has moved to tighten up the security of payment regime to improve cash flow and payment terms within the industry and pro…

The Court’s Interpretation – Are project managers and supervisors covered under the Security of Payment Act?

Security of Payments

Posted 15 April 2015

SOPA applies to Architects, Engineers, Designers, Project Managers, Superintendents There is often confusion amongst architects, engineers, designers and professionals who provide project managemen…

Security of Payment Reforms

Security of Payments

Posted 18 June 2014

Summary On 20 November 2013 the Building and Construction Industry Security of Payment Act 1999 (“the Act”) was amended so that the following new payment terms apply to all construction contrac…

Security of Payments Workflow

Security of Payments

Posted 30 January 2014

For your reference we have compiled a process document as a step by step procedural guide to the Building and Construction Industry Security of Payment Act 1999 (NSW), incorporating the amendments ma…