Building and Construction Industry Security of Payment Act 2002

id: building-and-construction-industry-security-of-payment-act-2002-314-10245366
title: Building and Construction Industry Security of Payment Act 2002
text: The Building and Construction Industry Security of Payment Act 2002 was passed by the Australian State of Victoria to allow for the rapid determination of progress claims under building contracts or sub-contracts and contracts for the supply of goods or services in the building industry. This process was designed to ensure cash flow to businesses in the building industry, without parties get tied up in lengthy and expensive litigation or arbitration. Adjudication is much quicker than litigation
brand slug: wiki
category slug: encyclopedia
description:
original url: https://en.wikipedia.org/wiki/Building_and_Construction_Industry_Security_of_Payment_Act_2002
date created:
date modified: 2023-05-07T08:30:22Z
main entity: {"identifier":"Q4986524","url":"https://www.wikidata.org/entity/Q4986524"}
image:
fields total: 13
integrity: 13

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