Security Of Payment Act Victoria Payment Claim

Under the Building & Construction Industry Security Of Payment Act 2002 Claimants are entitled to serve one Payment Claim on the Respondent on or after each Reference Date (one per month). For a Payment Claim made under the BCISPA 2002 to be valid it must have the following detail :

• correct entity details
• description of the construction work carried out and or the related goods or services provided
• calculations showing how the amount being claimed was arrived at
  an endorsement stating that it is made under the Building & Construction Industry Security Of
• Payment Act 2002
• it must be served strictly in accordance with the BCISPA 2002

The above is a brief outline –  for more detailed information about Payment Claims visit Building & Construction Industry Security Of Payment Act 2002 Payment Claim Information.