Payapps

Streamlined Payment Applications

Contractors Tips

Calculate retention in Payapps

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In this video learn how easy it is to calculate retention using Payapps. Payapps is designed to improve collaboration between subcontractors and builders, especially when it comes to payment applications. We also make it super-easy to store all your contract and compliance information in one place and integrate with your favourite accounting packages like QuickBooks [...]

Retention And How It Works

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So what is retention? Retention is security held by a procuring contractor to guarantee the performance of a supplying contractor and in particular to safeguard against defects in the event that the supplying contractor fails to satisfactorily rectify them. The security is usually in the form of cash withheld (retained) but is often substituted for a bank guarantee [...]

Make Payment Disputes a Thing of the Past

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Payment disputes are bad news for large construction companies; they jeopardise relationships with suppliers, consume administrative resources, undermine staff morale and often cause project delays. So why do disputes remain so common in the Australian construction industry? Research suggests the value of such disputes routinely runs into tens of millions of dollars and that they can take [...]

Make payment claims easier for your subbies – and for yourself!

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… Get your subcontractors submitting claims in a pre-agreed format that you love and that they find incredibly easy to prepare Once a project’s underway, many construction companies get overwhelmed by the sheer effort of managing the payment claim process. It’s at least as difficult (in proportion) for the many smaller businesses that represent your subcontractors. [...]

The 2016 improvements to the WA Construction Contracts Act

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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 [...]

Variations to Building Works

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Variations to contracts often arise in the construction world, but the nuances surrounding such variations are seldom fully understood. Find out what you need to know. What is a variation?The first question should always be, what does or does not constitute a variation? Even when it is clear that changes to a contract constitute a variation, [...]