Further changes to Contracts, Tendering and Security of Payments
Did you know that the reinstatement of the ABCC has dramatically changed contractual obligations and tendering requirements for Commonwealth funded projects?
Did you also know that it impacts on security of payment issues?
To date, there has been a great deal of attention placed upon the ABCC’s powers to crackdown on union officials, curb coercion and regulate the engagement of foreign workers. The other issues relating to security of payments, the terms required in construction contracts and affecting contract administration have largely passed without comment despite being extremely important.