How do You Get Your Builder to Agree to Transparent and Secure Payments Conditions Hopefully, most of you have heard of IPEX by now (for…
The (Multi) Million Dollar Question

How do You Get Your Builder to Agree to Transparent and Secure Payments Conditions Hopefully, most of you have heard of IPEX by now (for…
The recent wave of high-profile builder insolvencies is further proof that the construction industry’s commercial builder payment model is broken. Unfortunately, it’s also made many…
There’s no doubt that current market conditions have placed significant financial stress on builders; the Australian Constructors Association is reporting that building firms are entering…
Several Governments have decided to step in with specific legislation related to trust accounts intended to protect subcontractor payments. The QLD, NSW & WA Governments have all introduced rules governing how builders are to manage progress payments and/or retention money held against subcontractors. We’ve looked at the various legislations introduced to date, both in principle & in practice, so we thought we’d provide an assessment of each from intent to adoption & outcomes. We also provide some insight into our ongoing interactions with the various industry bodies that have introduced these policies/processes as well as those set to influence future frameworks.
When a builder submits a progress claim, they are not only asking to be reimbursed for costs incurred by their business, but also on behalf…
The recent wave of high-profile builder insolvencies is further proof of what many have been saying for some time: the construction industry’s commercial payment model…
Whether the result of material/labour costs rising significantly on a fixed price contract or deliberate underquoting to win a tender, many Builders are now finding…
We’re all familiar with the process; given that Developers have practically zero visibility or control over how project funds are distributed once released to their…
You can insure yourself against many risks when it comes to property development, but builder insolvency is not one of them. Nevertheless, smart developers are…