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Construction Act: Are you ready?

Construction contracts entered into from 1 October will be subject to the amendments to the “Construction Act 1996”.

The changes include a new payment regime. This will apply to all construction contracts for work estimated to take longer than 45 days. This now includes written and verbal contracts.

  • Have you adjusted your terms and conditions and can your staff administer those changes?
  • How will the changes affect your business?
  • Can the changes enhance your cash flow?