Disputes in building and development are all too common and their impact on cash flow can be crippling.
Lloyd & Lloyd’s experienced building and development lawyers can help you reduce the risk of disputes with smart strategies to foster positive supplier relationships and proactive steps to minimise the escalation of issues when they arise.
With decades of experience in building and construction law, Lloyd & Lloyd has a solid grasp of local government and development processes and can assist you with:
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The Security of Payments Act is designed to help resolve unpaid accounts and is a powerful tool for contractors and industry participants in managing cash flow. It’s a fast, inexpensive and straight-forward way to manage payments for work completed.
However, there are important timelines and templates you must follow to use the legislation to your benefit.
The first step to making a Security of Payments Act claim is to make a valid payment claim. Lloyd & Lloyd Solicitors can help you understand the details that need to be included in your claim and the timelines that apply.
If you have followed the process outlined in Security of Payments Act and still have not received payment or you are unsatisfied with the response provided to your payment claim you may apply to have the claim reviewed by an independent arbitrator.
Before making or responding to a claim it is essential to obtain legal advice. Once a decision is made by the independent arbitrator it is binding on both parties unless you wish to undertake expensive court intervention.