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Progress payments are an essential part of a home build to ensure each stage is paid and the builder isn’t out of pocket for ongoing expenses on what can be a long-term project.
This article outlines how progress payments can work, how to claim progress payments and negotiate final payment under Tasmanian law. It also covers how to handle disputes.
You can also watch our “Contracts Explained” two-part video outlining the payment terms that are guaranteed under HIA Contracts, how to handle when you’re not receiving timely progress payments and when to escalate things, if required.
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Housing industry professionals in Tasmania who are managing progress payments of a residential building contract.