P

The general legal principle that only those persons who are parties to a contract may enforce it.

A contract that operated during the pre-award phase of a procurement process as a separate contract between competitive tenderers and the tender inviter. In contrast, the main contract that is awarded to the successful tenderer when its bid is accepted.

A policy of insurance taken out in relation to loss or damage caused by a person or persons acting in breach of its duty to act in a professional capacity.

A certificate generally issued by the Superintendent or the Certifier, to the builder and the principal, which certifies the amount of work completed and the amount for which the builder is entitled to payment from the principal.

A claim made by the builder seeking payment of money from the principal proportionate to the amount of work completed to date. Progress claims are frequently made on a monthly basis.

A payment of money made by the Principal to the builder in response to the builder's Progress Claim.

A package of documents compiled for the purpose of defining the objectives, design parameters, plans and specifications, budget or other matters relating to a project.

A group of stakeholders in a project assembled to monitor and control issues relating to project planning and/or implementation such as scope variation and development, defect issues and general progress of works.

An Act that deals with security interests over personal property. The PPSA was introduced in 2009 to replace approximately 70 pieces of existing legislation throughout Australia that regulated security interests in personal property. The PPSA became effective on 30 January 2012. The PPSA introduces the Personal Properties Securities Register which provides a single national noticeboard of security interests in personal property. See Personal Property Securities Register.

A national online register of all personal property that has security interests registered against it. The PPSR acts as a noticeboard rather than as a definitive record of security interests in personal property. It is not a register of title or ownership of personal property. The Insolvency and Trustee Service Australia is the Australian Government agency responsible for administering the PPSR.