Smarter Updates

In the dynamic realm of construction projects, ensuring timely and fair payment is crucial for all parties involved. In Victoria, the Security of Payment Act (‘SOP Act’) plays a pivotal role in facilitating prompt payments for construction work and related goods and services.

When it comes to navigating the intricacies of adjudication under Section 18(2) of the Security of Payment Act (SOP Act), ensuring compliance with the procedural requirements is crucial. Let's delve into the key aspects and essential information surrounding Section 18(2) notices.

Every day, individuals and organizations engage in contracts for building and construction projects, and occasionally, disputes arise, particularly in the realm of payment. To address these challenges, the Building and Construction Industry Security of Payment Act 2002, commonly known as...

What is a Reference Date? In the realm of construction contracts, a reference date serves as the cornerstone for progress payments. It is the date on which a claim for a progress payment becomes valid or is used to calculate the payment amount. The contract typically specifies the reference date, but if it doesn’t, certain rules come into play.

In Victoria there are three key circumstances that empower claimants to exercise their statutory entitlement to suspend work: Non-Payment Despite Valid Payment Schedule: Claimants gain the right to suspend work when they receive a valid payment schedule, b...

A Payment Claim, as defined by s.14 of the Victorian Building and Construction Industry Security of Payment Act 2002 (‘SOP Act’), is a formal request for a progress payment made by a claimant who is entitled to such payment under a construction contract.