Construction Industry tips video series
Insolvency protection
Are you a subbie on a construction site? This short video will give you some tips on how to better protect yourself as an unsecured creditor working on construction projects, if the business you are working for becomes insolvent.
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Security of Payment Act (SOPA)
A recent survey of subbies across NSW revealed most respondents were either not aware of SOPA (38%) or said they would like more information (33%). Similarly, 43% said they didn’t know when to enact SOPA and 36% said they would like more information on when to do so. This short video provides some handy information on your rights under SOPA.
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Contract management
Many subbies have told us they often don’t have a written and signed contract or payment schedule in place for jobs they are working on. In fact, many say they don’t understand who is responsible for paying them. Watch this short video for some helpful advice on being on top of contract management for your business.
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Managing your cash flow
Inadequate cashflow and high cash use are a key reason for subbie insolvencies in NSW. This short video has some tips to help you balancing your books and where to go to for help.
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Where to find help
For a summary of tips and where to go to for help on various issues in the construction industry in NSW, watch this short video.
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