Average value of the most recent security-of-payment claim, Australian construction contractors (2017 survey)

What it is. AUD per claim: the average dollar amount of the claimant's most recent claim under security of payment law, as reported by contractors who had made one.

Sample. Survey of 526 construction contractors in all states and territories (46.8% Queensland, 30.8% Western Australia, 17.9% New South Wales), commissioned for the 2017 review. Only 23% had ever made a security of payment claim, and the report does not state how many answered the claim-amount question. 25% of claimants in the last two years said their claim was between $100 001 and $500 000; 60% said the claim was against a head contractor.

What it is not. A claim amount is money claimed because it was unpaid or disputed, not money lost: some is later paid or adjudicated in part. A mean of self-reported amounts from a convenience survey, not a count of claims: 73% of respondents were in firms of 20 or fewer people, 45% were electrical contractors, and civil contractors are a minority, and 96% of respondents came from Queensland, Western Australia and New South Wales, so the other states and territories are barely represented. Never multiplied by a contract value.

Where it came from

• J Murray AM, for the Australian Government (Department of Jobs and Small Business) (2017), Review of Security of Payment Laws: Building Trust and Harmony
  Appendix B, 'Security of payment laws and claims made', p.324 · source record

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