57574 MAC PROGRESS PAYMENT FORM 57574 MAC PROGRESS PAYMENT FORM 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your details in the 'Your details' section. Fill in your application reference number, construction address, and new postal address if different from your residential address.
  3. In the 'Payment details' section, specify the progress payment number/stage. If you have a builder’s invoice, provide the amount to be paid and the builder’s name. For reimbursements, include the amount and BSB.
  4. Sign and date the form in the 'Your acceptance' section. Ensure that all borrowers sign where indicated.
  5. Review the 'Supporting document checklist' to ensure all required documents are attached before submission.

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Contractors or subcontractors can request a progress payment using a payment application, which should be defined in the contract requirements. A payment application is a type of construction document that prime contractors and first-tier subcontractors use to request payment from the hiring party.
20% of contract value progress payment. The standard progress payment set out in the Domestic Building Contracts Act is 15%, the builder has added and additional 5% which for an average home could be $15k-$30 more at the early stages of construction.
Progress Payment is a payment method commonly used in the construction industry, where the contractor is paid at intervals as work progresses rather than receiving a single lump-sum payment upon completion.

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