An Engineering Education Australia webinar:
Security of Payment Legislation has been enacted, in one form or another, across all jurisdictions in Australia, giving parties to construction contracts an ability to exercise powers in relation to rightful payment.
Essentially, parties doing work under construction contracts or providing related goods and services are able to use Security of Payment Act (SoPA) or Building and Construction Industry Security of Payment Act (BCISPA) legislation to enforce their rights to timely payments and also use an adjudication process to assist in the speedy recovery of monies.
The Acts are both a sword and a shield and have intricate timing and prescriptive measures for properly issuing a “Payment Claim” and the “Payment Schedule” in response. SoPA has been referred to as “pay now argue later” legislation where a party's lack of knowledge or being remiss in proper or timely responses can cost an organisation significant dollars.
This webinar provides an overview of the purpose and timing of the Act(s) and specific requirements for compliance.You will understand the reasoning and purpose behind the legislation, how this relates to construction contracts and learn how to comply with the legislation as a provider or buyer of goods and services.
The various models for the Acts differ from East Coast to West Coast. This session will focus on the Victorian Act but can still be of benefit to other east coast jurisdiction attendees as the general principles are similar, and the facilitator will address the nuances and timing differences in the various jurisdictions.
Webinar platform - Zoom
These sessions run through Zoom. Once you register for a webinar, you will receive the unique Zoom link 24 hours before the webinar is scheduled to begin.
We suggest that you download the Zoom Desktop Client to ensure you can fully participate in the webinar. If you view the webinar through the Zoom web browser or via a phone or tablet device you may not be able to participate in the interactive elements such as answering polling questions.
Please read through the following information on Zoom to ensure you are prepared for the webinar:
Is this course for you?
This webinar is ideal for all engineers and related professional working in infrastructure contracting or with construction contracts. Roles include:
- Project Manager
- Senior Executives
- Contract Manager
- Contract Administrator
- Site Manager
- Understanding of the meaning and application of the Security of Payment Acts
- Increase your confidence to effectively deal with claims marked under the Act
- Identify the case law of Act and how it's applied and determined
- Provide input into an organisational response policy
- Understanding of what a complying payment schedule looks like
- Identify the breadth of the Legislation, and how it is applied
- Non Members:
Engineering Education Australia
03 9321 1700