Learn all about the new changes to the WA Security of Payments Act.
…and how to use them.
There have been significant changes made to the WA Construction Contracts Act that will heavily impact the invoice and payment claim process for both claimants and approvers. The ever amazing Anthony Igra from Contractors Debt Recovery has clearly summarised three of the major changes regarding the processes, we’ve highlighted them below.
If you want to know more about the changes to the WA Construction Contracts Act you can contact Anthony Igra from Contractors Debt Recovery on:
Phone: 1300 669 075
These changes to the Act really mean that both parties need to keep solid records of their claims and correspondence, as the door is now wide open now for both parties to dispute a claim at any stage for any amount. There needs to be evidence that they were SOPA-compliant from the start of a project to finish.
Payapps bridges this gap by providing an easy-to-use, real-time, online collaboration platform. Developed specifically around construction needs, it works by allowing contract parties to collaborate transparently on a neutral platform, eliminating the need for endless spreadsheet reconciliations, email trails, and heated phone calls.
Payapps reduces cost, drives efficiency, improves returns and reduces risk, by delivering immediate benefits that grow over time:
- Cost reductions: measurable savings in contract administration management, reductions of up to 50%
- Time savings: collaborative automation, efficiency, and transparency
- Risk control: Can assist reducing Security Of Payments Act and Contract Exposure