Construction payment in New Zealand

New Zealand payment is governed by the Construction Contracts Act 2002. A payment claim must be answered by a payment schedule within the set period, and a claim that is not answered becomes due in full. Adjudication is available at any time and GST applies at 15%.

Written for this market

10 guides for New Zealand

New Zealand Payment claims under the Construction Contracts Act 2002 in New Zealand A payment claim is the document that starts the clock under the New Zealand Construction Contracts Act 2002. Get the interim valuation and the claim right and the money follows. 6 min read New Zealand Payment schedules and the twenty working day response in New Zealand Under the Construction Contracts Act 2002 the payer must answer a payment claim with a payment schedule inside twenty working days, or the claimed amount becomes due in full. 6 min read New Zealand Valuing variations under NZS 3910 in New Zealand Variations under NZS 3910:2023 are priced and certified through the Engineer to the Contract, then carried into the payment claim so the change is paid on the same cycle as the work. 6 min read New Zealand Retention on a payment claim under NZS 3910 in New Zealand Retention is deducted from each payment claim and released at defined points under NZS 3910:2023. Track what is held, what is due back, and when, cycle by cycle. 6 min read New Zealand GST at fifteen per cent on a payment claim in New Zealand GST at fifteen per cent sits on top of the net valuation on every New Zealand payment claim. Keep the work net, apply the tax once, and the claim reconciles. 5 min read New Zealand Cash flow forecasting on the working day cycle in New Zealand A New Zealand cash flow forecast has to model payment claims, twenty working day responses and the December to January break, or the summer gap comes as a surprise. 6 min read New Zealand Closing the final account under NZS 3910 in New Zealand The final account under NZS 3910:2023 gathers the measured work, variations and claims into one settled figure, certified by the Engineer to the Contract and claimed under the Act. 6 min read New Zealand Extension of time under NZS 3910 in New Zealand An extension of time under NZS 3910:2023 moves the completion date and protects the contractor from damages, but only if notice is given and the delay is proven with records. 6 min read New Zealand Practical completion under NZS 3910 in New Zealand Practical completion under NZS 3910:2023 is the certificate that stops the clock on damages, starts the defects period and releases the first tranche of retention. 5 min read New Zealand Counting working days and adjudication under the Construction Contracts Act 2002 Every deadline in the New Zealand payment regime runs in working days, with the December to January break stripped out, and adjudication is the fast route when a payer does not pay. 6 min read

Try it on your next valuation

Not your whole portfolio. One live job, one certificate. If it does not save you time the first time you use it, walk away and take your data with you.

Start free trial See pricing