Be aware of payment claims over the festive season

Given the current economic climate, decreasing margins and increased resources to engage in disputes, there will be a logical increase in payment claims and adjudications under the Building and Construction Industry Payments Act 2004 (QLD) (BCIPA) in the forthcoming year.

Managing payments is particularly critical over the festive season where ambush tactics and a lack of resources due to holidays can lead to an influx of payment claims/adjudication applications hoping to catch out unwary respondents. 

By adopting some of the strategies contained in the below Update you can better protect your cash flow.