Payment disputes in the NSW construction industry almost doubled in the June quarter as builders and subcontractors, concerned about their ability to win work as the pandemic took hold, rushed to make claims for outstanding payment against each other and their developer clients.
Claims for adjudication under the quasi-judicial security of payment regime jumped to $225 million in the three months to June from $114 million in March and the number of claims lodged rose by almost a quarter to 289 from 235, NSW Fair Trading figures show.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
