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BUILDING AND CONSTRUCTION INDUSTRY (SECURITY OF PAYMENT) ACT 2009 - SECT 11 Amount of progress payment

BUILDING AND CONSTRUCTION INDUSTRY (SECURITY OF PAYMENT) ACT 2009 - SECT 11

Amount of progress payment

The amount of a progress payment to which a person is entitled in relation to a construction contract is—

        (a)     the amount worked out under the contract; or

        (b)     if the contract does not provide for an amount, the amount worked out on the basis of the value of—

              (i)     construction work carried out or undertaken to be carried out by the person under the contract; or

              (ii)     related goods and services supplied or undertaken to be supplied by the person under the contract.