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4.7 Security of Payment
At all levels throughout the contract chain, all parties are entitled to receive payments due to them under the contract.
All parties are to comply with all relevant legislation concerning security of payment and to strive for best practice in this regard. In the context of best practice, this means a:
- responsibility on claimants for accurate and timely preparation, documentation and submission of claims;
- responsibility on parties to consider, process, pay and finalise claims in a reasonable and timely manner;
- requirement on parties to a claim to address, negotiate and settle any dispute in a reasonable, timely and cooperative way;
- requirement by contractors, subcontractors, consultants and suppliers and employers to fulfill applicable industrial awards and/or certified agreements or legislative requirements regarding their employees;
- responsibility to advise the client that wages and entitlements are owed to employees; and
- responsibility to seek approval to subcontract or sub-subcontract core works.
Last updated May 27, 2005
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