Construction Payment Contract Template for Australia

1. Bank Guarantee: Required for larger projects where payment security is needed

2. Performance Security: Include when additional security for payment obligations is required

3. Interest on Late Payments: Optional section detailing interest calculations on overdue payments

4. Payment Withholding: Include when specific circumstances for withholding payments need to be detailed

5. Acceleration of Payments: Include when early payment options or incentives are offered

6. International Payments: Required for contracts involving international parties

7. Trust Account Arrangements: Include when project value or risk profile requires trust account

8. Subcontractor Payments: Include when main contractor must report on subcontractor payments

9. Alternative Payment Arrangements: Include when allowing for alternative payment methods or schedules

1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts and timing

2. Schedule 2 - Progress Claim Forms: Standard forms for submitting progress claims

3. Schedule 3 - Rate Schedule: Agreed rates for various works or services

4. Schedule 4 - Supporting Documentation Requirements: List of required documents for payment claims

5. Schedule 5 - Contact Details: Key contact persons for payment matters

6. Appendix A - Payment Claim Checklist: Checklist for ensuring compliant payment claims

7. Appendix B - Sample Calculations: Examples of payment calculations including variations

8. Appendix C - Bank Account Details: Banking information for payments

9. Appendix D - Security of Payment Legislation Guide: Summary of relevant legislative requirements