Date: 21 April 2021 (Wednesday)
Time: 7.00pm– 9.00pm
Venue: Microsoft Teams
CPD/PDP: 2 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.
The total population is at risk from climate change. With its impacts threatening our future here on earth, solutions for the crisis have become a crucial focus of governments, policymakers, and academics. We've seen the sustainability paradigm shift as the circular economy—a system based on designing waste, keeping materials and products in use, and regenerating natural systems (Ellen MacArthur Foundation (EMF), n.d.-a)—is increasingly used as a basis for change.
Governments across the world are accepting circular strategies as part of their environmental action plans. The list of pioneering businesses taking the circular economy to reduce linear risks, generate new revenues, and reduce costs continues to grow. The existence of structural waste commonly characterizes the linear economy: instances where products, materials, or components reach their end-of-use/life prematurely or where their capacity for value creation is underutilized. To address this, the circular economy (CE) idea proposes a range of efficiency and productivity-enhancing actions collectively known as circular strategies, such as reduce, reuse, repair, recycle, restore, cascading, etc.
Registration:
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.
| IEM Member |
FREE |
Swinburne Staff / Student / Alumni
*Please register with Swinburne email |
FREE |
| Non-IEM Member |
RM 20.00 |
To register, scan the QR code, or click .
Meeting link will be sent to participants via email once registration is confirmed.
For payment details and Terms & Conditions, please download the flyer using the link below.
Download Flyer
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