Building and Construction Industry Security of Payment Act (in various jurisdictions)

The Building and Construction Industry Security of Payment Act is designed to ensure that contractors and subcontractors in the construction industry get paid promptly for their work. It allows them to claim payment for services rendered without lengthy legal disputes. The Act provides a structured process for making payment claims and resolving disputes efficiently. While the specifics can vary by jurisdiction (such as Australia, the UK, or other regions), the core aim remains the same: to protect workers in the construction sector and promote fair and timely payments in the industry.