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CEO Update

Member Reminder — Payment Times


As we are well and truly now in the run of 2023 we would like to encourage our members to take an active role in enforcing payment terms. We have had an increase in reports that builders are not being paid on time, with payment times extending well beyond 120 days. The MBA is concerned about the impact this will have on the viability of many of our members, who rely on and require on-time payments, especially in relation to payment of trades and subcontractors.

The MBA expects all members, whether principal contractor or subcontractor, to adhere to the payment times specified in contracts or terms of trade. This expectation extends to developers and home-owners, and both the ACT and Commonwealth Governments. The integrity and stability of the building and construction industry depends on all participants paying on time.

If you have concerns about payment times, please reach out to our Workplace Relations and Legal Team on (02) 6175 5900.