Security of Payment Act | The Art of Perfect Payment Claims | Contractors Debt Recovery

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https://www.youtube.com/embed/ffchGTtosRs Hey there Anthony from professionals, financial obligation healing back to you, as assured today, were, going to speak about payment claims, a couple of basic guidelines to make them an artwork and making them a work of art is actually your primary game. I see too lots of payment claims with not adequate detail, theyre not considered, and theyre not sent properly. So lets speak about that. The first thing I desire you to be doing is to appropriately explain the work in the payment claim. Not simply claim 1 say what youve actually done. If you 39, ve got a scope of works even better set out the scope, 2 products, youve done on your payment claim and the value versus each item so that your customer can see clearly how youve reached the claimed amount in your Payment claim or on your billing, the second thing you must be doing is including evidence of work done. If youve got a bill of invoices or quantities, or maybe its a marked up plan, so you can reveal your customer. This is the work that Ive done towards our the completed item, so they can see how much work youre in fact claiming for and itll decrease the possibilities of you guys arguing about it later on. The next thing you require to have is an extremely clear claimed quantity, so our total quantity of what youre, claiming to numerous payment claims, have made a list of amounts, however no consolidated whole amount that youre in fact going after in for the claim duration, so ensure youve got a clear declared quantity, and the last thing youve got to be doing is serving the claim correctly. Now, dont send it by email and dont. Send it by registered post registered post is never a good concept. They wont gather it email, they can say we never ever got it. So you serve it by fax and by courier to ensure your client gets it which its signed for with a fax. You get a fax transmission report, so they cant reject that theyve really gotten the payment claim. Theres some tips on getting your claim together and lastly, if its a claim under the security of payment act, make sure that it states so too lots of people leave those off so to round up effectively. Describe the work youre doing. Add proof of work done, have a clear declared amount and serve it properly on your client. Ill see you next time. As discovered on YouTube – Creative Commons License

Video Transcript:

If you 39, ve got a scope of works even much better set out the scope, 2 products, youve done on your payment claim and the worth against each item so that your client can see clearly how youve gotten here at the declared quantity in your Payment claim or on your billing, the 2nd thing you ought to be doing is including proof of work done. The next thing you need to have is a really clear claimed quantity, so our overall amount of what youre, claiming to many payment claims, have itemized amounts, however no combined whole quantity that youre really going after in for the claim duration, so make Sure youve got a clear claimed quantity, and the last thing youve got to be doing is serving the claim properly. Theres some pointers on getting your claim together and lastly, if its a claim under the security of payment act, make sure that it states so too numerous individuals leave those off so to round up properly.

License: Creative Commons