Tag Archives: cost management

CPD CPD Security of Payment 2012/6 – ENTITLEMENT – No. 3 -The Importance of a Payment Schedule

ENTITLEMENT – Part 4 The Building and Construction Industry Payment’s Act 2004 (The Payments Act), No. 3 – The Importance of a Payment Schedule? Quick Facts:  63.5% of claimant’s got the full amount claimed.  BUT the success rate dropped to … Continue reading

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CPD CPD Security of Payment 2012/5 – ENTITLEMENT –No. 2 – What’s in a Payment Claim?

ENTITLEMENT – Part 4 The Building and Construction Industry Payment’s Act 2004 (The Payments Act), No. 2 – What’s in a Payment Claim? Quick Facts: Business Failures – 400 Queensland businesses went into legal protection in July and August.  Was … Continue reading

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Payment Policy – Restrictions on bankruptcy petitions

The Federal Government’s plan to increase the minimum debt at which creditors can petition for bankruptcy fails to acknowledge many debtors can repay their debts and many creditors have fair and legitimate claims. Australia’s largest privately owned debt collection agency … Continue reading

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Payment Policy – Establishing a credit policy

All businesses that extend credit need good paperwork and credit procedures in place to minimise late payers and bad debt.  It is the first phase of your Payment Policy These procedures should be based on a written credit policy outlining the rules … Continue reading

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Email and social networking – the dangers and the opportunities

Recent experiences confirm, at least to me, that the direction we have taken developing closed business communications networks, has merit. The first of these was an adjudication with which I had some involvement.  The respondent appeared to have a reasonable … Continue reading

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Buying Construction Work at Below Market Prices

“Buying work’ is a world wide phenomenon and the outcomes are always the same.  Here is an interesting article from a major US dispute resolution practice.

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Service of payment claims on superintendents

Payment (Really) Matters Comment If you are a respondent (owner, developer, contractor) your contract should be in lock-step with the BCIPA.  There are many compelling reasons why respondents should use the process defined in security of payment legislation as your … Continue reading

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