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Construction Adjudication & Amendments to the SOP Act: A New Chapter (Singa...

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Description

Visit www.rics.org/SEAevents for more information.

This seminar will be conducted online.


Overview

On 15 December 2019, amendments to the Building and Construction Industry Security of Payment Act took effect with key changes to how contractor payment claims will be adjudicated. The changes widened the scope of contracts covered, clarified the potential end-date for commencing claims, potentially excludes claims for backcharges, liquidated damages and prolongation claims for loss and expense unless satisfying certain conditions, codified adjudication Court decisions into the amendments for when claims are to be served and adjusted the review process for adjudication determinations.

The key questions now for the construction industry could be deciding when and how claims and payment responses can be made to come within the Act and more importantly how contractor cash-flow may be affected. Daniel Tay, lawyer and partner at Chan Neo LLP, will provide a practical legal perspective on recent adjudication cases before the Singapore Courts, how subsequent claims may be determined by an adjudicator, the potential impact of changes in the Act on affected parties in a project payment cycle and the possible evolution of construction contract terms.

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Should you required further information regarding this event, please don't hesitate to contact us at sea@rics.org or at +65 6812 8173.

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Should the participant(s) be unable to attend, a substitute delegate is always welcome. Full substitution communicated in writing is allowed up to 72 hours before the event first commences and is only accepted after RICS's acknowledgment. Please note that there will be no refund or cancellation upon registration.

If you are residing outside the city or country where the event is held, kindly arrange your travel and accommodation only after receiving an email from RICS with further details nearer to event.

RICS reserves the right to cancel or reschedule the event at our discretion. We will do our best to email all attendees as soon as possible, should this occur. Should a reschedule or cancellation occur, RICS will not be responsible for any costs, damages or expenses (i.e. travel) etc. that you may suffer or incur.

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