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Complying with the Expanding Project Trust Account Framework in Queensland

Queensland has now implemented the revised regulation regarding the management of construction project finances. The Security of Payments Act of 2017 was created to protect payments and retention. It has been modified to provide a simplified approach to account requirements. The Project Trust Account framework is designed to increase the security of subcontractors’ payments in …

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Improving Document Management in Construction Companies

Improved document management in construction companies can lead to greater collaboration between teams and stakeholders. This helps minimize the time spent on administrative tasks. In addition to this, standardized procedures and forms can help keep stakeholders informed. People who are involved in later phases of a project can easily access the information in project documents. …

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