Date: 24 February 2021 (Wednesday)
Time: 7.00pm– 8.30pm
Venue: Live Online Session (click to join)
CPD/PDP: 1.5 Hours
Event synopsis:
Payment disputes in the construction industry have become a common problem in Malaysia and in most countries, especially
in developing countries. About 50% of Malaysia construction projects experience Under Payment, Late Payment and/or Non-
Payment issues which causes complication to the projects to the extent that some of the projects are abandoned wherein
innocent third-party purchasers become victims of delayed and abandoned projects.
One of the main elements for the complication is the client’s inadequate finance or main contractor’s poor cash flows for the
project. The amount of money involved in construction industry is enormous and when payments from the clients are
delayed, most of the contractors/sub-contractor would not be able to bear the heavy day to day construction expenses by
themselves which includes the cost of material, labour and other necessary day to day expenses. The issue of payment
dispute would eventually result in time over-run, cost over-run and total abandonment of the project.
Therefore, the construction payment dispute requires to be dealt with at worst, a cheaper, quicker, simpler, legal binding and
enforceable resolution enabled by an adjudication proceeding, which is what The Construction Industry Payment and
Adjudication Act (CIPAA) has specially drafted to resolve the issues with provisions such as PROHIBITION of Conditional
Payment, to STREAMLINE payment procedures and provide REMEDIES for the recovery of payment.
The Construction Industry Payment and Adjudication Act (CIPAA) 2012 has come into operation with effect since 15 April
2014. The talk will cover the definition and key features of CIPAA, construction culture and payment risks, as well as the
adjudication process under CIPAA. In addition, identification of construction payment problems, their impact and resolution
and how to conduct payment recovery through CIPAA proceeding will also be discussed during the talk.
Oil & Gas Industry has been the mainstay of the Sarawak state economy for decade until today. This sector continues to grow and offer opportunities for greater local participation. This talk will provide an introduction to Offshore Structures to Civil/Structural engineers or other disciplines engineers who are currently not working/ fresh in this industry but wish to know more about the Offshore Structural aspects of the industry. The talk content includes brief history and development of Offshore Oil & Gas industry, different types of Offshore Platforms and varies stages/ activities from Engineering, Construction, Load out, Transportation and Offshore Installation.
This event is FREE. Please join the event via the above link using your full name. Sign-in link will be provided in meeting chat from 7.00pm to 7.15pm. Sign-out link will be available in meeting chat for 30 minutes after the event. Complete both sign-in and sign-out to confirm your attendance.
*Please refer to the Flyer for further details.
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