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Adjudication is much quicker than litigation in a Court (an adjudicator’s determination must be made within 10 days of receipt of application) and less expensive. An adjudicator’s determination is binding on the parties and can be recovered as a debt owing in a Court. Building Adjudication Victoria Inc , a not-for-profit organisation which is authorised by the Building Commission , Victoria, Australia, as a Nominating Authority under the Building And Construction Industry Security Of Payment Act 2002 . Building Adjudication Victoria Inc provides an independent panel of lawyers with experience and expertise in construction law to act as adjudicators in the resolution of disputes under the Building And Construction Industry Security Of Payment Act 2002 . The Building And Construction Industry Security Of Payment Act 2002 is currently being reviewed by the State Government for reforms which may widen the scope of the Act within the building industry in Victoria. (source: Building Adjudication Victoria website ) |
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