The Construction Payment System I...
The Construction Payment System Is Broken | Michelle Cirson

Jimmy Talks Construction by James Starbuck

Episode notes

In this episode of Jimmy Talks Construction, James sits down with Michelle Cirson, founder of Subcontractor Legal and The Subbies’ Toolbox, to unpack the contractual and commercial traps costing Australian subcontractors millions.

Michelle explains why retentions are often used to support builder cash flow, how Security of Payment legislation works, why being the “good bloke” can leave subcontractors exposed and when suspending work may be the only way to bring a builder to the negotiating table.

They also discuss:

• A formworker pressured into taking on three high-rise projects with one builder

• How payment claims can be deliberately delayed or reduced

• Why subcontractors need an accounts receivable escalation procedure

• Protecting machinery and equipment through PPSR registrations

• An exc ... 

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Keywords
constructionbusinessgymConstruction IndustryConstruction BusinessAustralian BusinessSmall BusinessTrade BusinessBusiness PodcastReal Business Stories