BCIPA – What does BCIPA stand for? Building Construction Industry Payments Act.
The BCIPA system has it’s advantages over using the court system for the majority of your credit management issues in the construction industry.
Why use BCIPA instead of going to court? Cost Savings is one good reason alone.
The cost of adjudication will always differ with every BCIPA decision depending on the size and complexity of each application. BCIPA does away with all the expensive legal fees (unless you want them), no adjournments and no dirty tricks once the process is started.
To date, it seems that the costs are about 10% of the cost of the claim. This doesn’t have to be the case though. The quality of your application will directly affect the outcome of your decision. The easier your documents are to read and follow, the less time the adjudicator has to spend searching for information and interpreting what you are claiming.
The cost of legal expenses and long adjournments are no longer a tool to stretch a claimants finances and will to fight for your rights. All of the old tricks use to extend payment terms have now been outlawed by the BCIPA.
BCIPA resolving credit management issues in the construction industry Australia wide throughout Queensland, New South Wales, Victoria, Tasmania, Perth and the Northern Territory.
Stay tuned for the new BCIPA website a total resource for the Building Construction Industry Payments Act.