Overview of the Building Industry Fairness (Security of Payment) Act 2017

The Security of Payment provisions of the Building and Construction Industry Fairness (Security of Payment) Act 2017 commenced on 17 December 2018. The webinar covers: new requirements for valid Payment Claims under BIF; Pros and Cons of the removal of the endorsement requirement; requirements for valid Payment Schedules; changes to time limits for Adjudication Applications and Adjudication Responses; Penalties and limits to Adjudicators' Fees, as well as tips to ensure that your business is not caught out.