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Security of Payments
Posted 11 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…
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Posted 28 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…
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Posted 28 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…
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Posted 16 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…
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Posted 19 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…
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Posted 31 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…
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