Subcontractor Charges
Did you know that as a subcontractor you don't have to wait to be paid by the head builder. In certain circumstances you can go around the builder to the Principal above to get paid - by using a Subcontractors Charge.
What you need to know
Principals are required to put certain money aside to ensure that all subcontractors and their employees are paid by the builder they have hired.
If a builder has insolvency issue or refuses to pay you (ie to preserve their own cash flow), you can issue a "Subcontractors Charge" to the Principal which effectively requires the Principal to divert money from the builder that is for you.
There are certain steps to be taken, but a Subcontractors Charge is also an effective tool to alert a Principal to a Builder who may not be doing the best job.
How we can help
Once a Principal starts to receive a few Subcontractors Charges, they will realise that something is wrong on site and start to ask questions.
We can assist you to and provide advice on your rights in respect of Subcontractors Charges, whether you have received one and want to dispute or you wish to serve one on a principal.
Contact Ricketts & Associates to find out how we can help you