Consider this hypothetical. You perform construction work or provide related goods and services on a site in WA under a written construction contract. You render a progress claim, but before the progress claim falls due for payment, the contract is terminated, whether by mutual consent or otherwise.
In this unpalatable, but entirely conceivable scenario, the situation can be potentially dire. Clearly, payment is critical for the maintenance of cash flow, liquidity and solvency. The inability to recover progress claims in a timely and cost-effective manner can often mean the difference between the business surviving, and having to close its doors.