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27 October 2024

Liquidated damages are an agreed contractual rate of amounts payable by a party who delivers a project late. The upside of liquidated damages is that the fixed rate provides the parties with certainty.

25 October 2024

In NSW, the Building and Construction Industry Security of Payment Act 1999 (SOPA) works with the Contractors Debts Act 1997 to provide options which allow subcontractors to bypass a head contractor and claim payment directly from the principal in certain circumstances.