Security Of Payments Act Wins Hands Down
The Security Of Payments Act NSW Legislation enables you to serve a Payment Claim for your construction work or related goods and services that must be responded to with either full payment or valid reasons for withholding payment.
The Security Of Payments Act NSW Legislation enables you to have your Payment Claim adjudicated if it is not paid in full within the time allowed. A successful adjudication determination is a fast track to an enforceable judgement – the key to getting paid. Please note that most importantly; 94% of SOPA NSW Adjudications are determined in favour of the Claimant (according to NSW Govt Statistics)
Security Of Payments Act NSW enables you to pursue the principal contractor (your clients client) for the debt owed to you by your client. New South Wales is the only state to have this provision as part of the Security Of Payments Act NSW. This can be done early in the process. Being paid directly by the principal contractor means you have prevented your client evading payment.
