Preparing for the 2022 Security of Payment Season

17 November 2022

This year, those in the construction industry have had to deal with the increased costs of materials, increased labour shortages, inclement weather and rising borrowing costs.

It is therefore unsurprising that contractors and subcontractors will rely on the Act to recover payment for works they have performed.

As we are getting into the busy period of the year for security of payment activity (payment claims, adjudications etc.), we thought it would be useful to address the following key points:

  • how to calculate applicable “business days” over the holiday period; and
  • how to protect your position in relation to liquidated damages.

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