Retention and defects liability periods on home jobs in NSW
Retention is money held back to give a principal leverage over defects and incomplete work; the defects liability period sets how long that leverage lasts. They are separate from the statutory warranties that survive both, and getting the wording wrong is expensive.
14 min read
Topic
Progress Claims
Articles and news about Progress Claims for Australian builders.
Retention and defects liability periods on home jobs in NSW
Retention is money held back to give a principal leverage over defects and incomplete work; the defects liability period sets how long that leverage lasts. They are separate from the statutory warranties that survive both, and getting the wording wrong is expensive.
14 min read
GST and BAS for building businesses: getting the mechanics right
GST on a building job is not one calculation at the end. It is a calculation attached to every progress claim, deposit, variation and retention release, and the BAS is where those calculations land. Get the timing wrong and you fund the ATO out of your own working capital.
10 min read
Supplier accounts and credit terms: buying materials without funding the job yourself
A trade account is not a favour from your supplier — it is a credit facility secured against you. Read the terms like one, and time your deliveries to the claim cycle.
13 min read
Progress claims in NSW: preparing, serving and enforcing them under Security of Payment
A progress claim that misses a requirement of the Security of Payment Act is not a weak claim — it is not a claim at all. Here is how to prepare, serve and enforce one properly.
12 min read