1. thepower tool .com.au When “payment really matters” BCIPA Compliant Payment Process for Queensland Government Managing Contractor Contracts
2. thepower tool .com.au When “payment really matters” Days >> 7 17 22 25 5 15 Latest date for adjudication application 25 5 business days to evaluate and agree subcontractors claims Payment schedule pre-agreed 5 business days to evaluate and agree managing contractor claim How it is 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Head Contract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Payment terms Due Date for Payment Pay Subcontractors Subcontract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Payment terms Due Date for Payment Informal Pre-estimate 5 Formal 10 (no evaluation) Payment terms - No evaluation or negotiation Formal 10 (no evaluation) Informal Pre-estimate 5 Payment terms - No evaluation or negotiation
3. thepower tool .com.au When “payment really matters” Days >> 7 17 22 25 5 15 Latest date for adjudication application 25 5 business days to evaluate and agree subcontractors claims Payment schedule pre-agreed 5 business days to evaluate and agree managing contractor claim How it is Risk: This process does not comply with the BCIPA with respect to reference dates and pre-estimating payment claims 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Head Contract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Payment terms Due Date for Payment Pay Subcontractors Subcontract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Payment terms Due Date for Payment Informal Pre-estimate 5 Formal 10 (no evaluation) Payment terms - No evaluation or negotiation Formal 10 (no evaluation) Informal Pre-estimate 5 Payment terms - No evaluation or negotiation
4. thepower tool .com.au When “payment really matters” Days >> 12 22 28 31 6 16 31 Latest date for adjudication application 26 How it could be 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Head Contract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Further negotiation Due Date for Payment Pay Subcontractors Subcontract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Further negotiation Due Date for Payment Informal 5 7 Formal 10 28 business days (36 calendar days) to prepare, evaluate and pay subcontractors Informal (inspections, audit etc.) 12 Informal 6 Formal 5 Formal evaluation 10 31 business days (42 calendar days) to evaluate and pay subcontractors Informal (inspections etc.) 6 Informal 10 - 15
5. thepower tool .com.au When “payment really matters” Days >> 12 22 28 31 6 16 31 Latest date for adjudication application 26 How it could be Issue: Subcontract payment schedules must be served before the head contract payment schedule. This is not consistent with the intent of the contract. Resolution: Client QS countersigns subcontract payment schedules. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Head Contract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Further negotiation Due Date for Payment Pay Subcontractors Subcontract Payment Reference Date Preparation Payment Claim Evaluation Payment Schedule Further negotiation Due Date for Payment Informal 5 7 Formal 10 28 business days (36 calendar days) to prepare, evaluate and pay subcontractors Informal (inspections, audit etc.) 12 Informal 6 Formal 5 Formal evaluation 10 31 business days (42 calendar days) to evaluate and pay subcontractors Informal (inspections etc.) 6 Informal 10 - 15