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Payment Schedule Updates
Payment Schedule Updates

Payment Schedule Updates

I
Written by Ian
Updated over a week ago

As part of our ongoing commitment to making Payapps the leading solution for managing progress claims, we conduct a periodic review of our adherence to SOPA and Construction Contract Act (CCA) legislation.

Although the template used is already compliant, we're making a few minor changes to the Payment Schedules (both Lump Sum and Schedule of Rates contracts) to improve clarity and alignment with terminology used in legislation.

Lump Sum Payment Schedule - Upcoming Changes

Page 1:

  • 'Claim' changed to 'Payment Claim' - Payment Claim #, Payment Claim Date, Payment Claim Period

  • Summary section updated - Gross amount approved, Net Retention, Scheduled Amount

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Page 2: No changes

Page 3 onwards:

  • 'Payment Assessment' changed to 'Value Approved to Date'

  • 'Subcontract Value' to 'Subcontract Amount'

  • Remove percentage columns for 'Completed this period'

  • Add Column 'Difference' to show Value Approved - Subcontractor claimed amount​​​​​​​​​​​​​​

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Approved Variations

  • Change 'Payment Assessment' column heading to 'Value Approved to Date'

  • Change 'Approved Claim Value' to 'Value Approved'

  • Remove percentage columns for Completed this period

  • Added Column 'Difference' to show Value Approved - Subcontractor claimed amount

Unapproved Variations

  • Changed 'Payment Assessment' column heading to 'Value Approved to Date'

  • Changed 'Approved Claim Value' to 'Value Approved'

  • Changed 'Value Submitted by Subcontractor' to 'Submitted Variation Amount'

  • Added Column 'Difference' to show Value Approved - Subcontractor claimed amount

Rejected Variations

  • Changed 'Payment Assessment' column heading to 'Value Approved to Date'

  • Changed 'Approved Claim Value' to 'Value Approved'

  • Changed 'Value Submitted by Subcontractor' to 'Submitted Variation Amount'

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Reasons for Difference

  • Changed 'Submitted by Subcontractor' to 'Subcontractor Claimed'

  • Changed 'Payment Assessment' to 'Value Approved'

  • Changed 'Modification Reason' column heading to 'Reason for Difference'

  • Included line headings before the affected lines.

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Attachments

  • Line level attachments moved to top of this section.

  • Relevant heading included to lines commented against/with attachments.

  • Included below items for the line level attachments
    - Item Ref
    - Description
    - Approved this claim
    - Comment
    - Attachment

  • Included below items for Claim and Contract
    - Uploaded by (Claimant/Respondent)
    - Document Description / Comment
    - Attachment

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Schedule of Rates (SoR) - Upcoming Changes

Changes to Page 1 & 2 - Similar to changes to Lump Sum contracts

Page 3 onwards.

  • Add "Difference" column to 'Completed This Period' section for original line items and variations

Reasons for Difference

  • Subcontractor Claimed qty and dollar amount to date displayed

  • Value approved and dollar amount to date displayed

  • 'Completed to date' heading above subcontractor claimed and value approved introduced

  • Attachments column included

Attachments

  • Line level attachments moved to top of the section.

  • Relevant heading included to lines commented against/with attachments.

  • Included below items for the line level attachments
    - Item Ref
    - Description
    - Approved to date: dollar amount + quantity
    - Comment
    - Attachment

  • Included below items for Claim and Contract
    - Uploaded by (Claimant/Respondent)
    - Document Description / Comment
    - Attachment

Logo

Old logo replaced with new one

If you have questions regarding the changes please reach out to your Account Manager or our Customer Support team via in-app chat, email : support@payapps.com or telephone: 1300 252 463

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