Subcontractor Payment Protection | Trust Accounts | PayTrade
Protect subcontractor payments with QBCC compliant trust accounting. PayTrade ensures funds flow correctly through the construction payment chain.
subcontractor paymentpayment protectiontrust accounthead contractorconstruction payments
Protecting Subcontractor Payments
Trust accounts are designed to protect subcontractors and suppliers by ensuring that project funds are used for their intended purpose. PayTrade makes it easy for head contractors to meet their obligations.
How Trust Accounts Protect Subcontractors
- Funds received for a project are held in trust, not in the head contractor's general account
- Payments to subcontractors are prioritised and tracked
- Transparency in the payment chain reduces disputes
- Protection against head contractor insolvency
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