ACT Home Building Contract – When Can the Progress Payment be Claimed and When Does it Become Due and Payable?
Posted
Over the last few weeks, the Industrial Relations and Legal Team have received a number of queries from members relating to progress payments under the ACT Home Building Contract (the Contract).
Clause 22(d) of the Contract provides that,
‘Progress payment claims will be payable upon the completion of each stage of the Works and at the relevant values stated at Appendix B, Item B1, despite any minor omissions and/or minor Defects which do not prevent the Works from progressing to the next stage’.
Progress payments must be made by the client within the timeframe specified in the contract.
Please do not hesitate to contact the IR & Legal Team if you have any queries regarding contracts, progress payments or practical completion on (02) 6175 5900.
